They have mentioned RIO and MIN in this area alone. These companies have mines in the hundreds of millions and the mining and logistics contracts would be in the millions. If they were to become the dominant player in the Pilbara, then there is no reason they can't be worth over 150m. Throw in a mine of their own and bingo. I think we will be in a much better position second half of 2025.
Ann: Formation of Second Indigenous Joint Venture for Macro, page-16
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