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clock Created with Sketch. 21/04/21
17:43
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Originally posted by bullbandit
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We didnt make a deal with FEL, we made a deal with Gold Valley Iron who got FEL on board and gave them 51%. Gold Valley deal was made Aug-Oct 2019 when IO was priced under $100. It made sense at the time.
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GWR has around 500 mil tonnes of Iron Ore the other 370 tonnes still has decent grades. This is a world Class Iron Ore deposit, getting it to Port was the only problem. No hurry to sell it off for an undervalued price like we keep doing with our other excellent assets. Management should lease back our full land plot that was reduced not long ago to save costs. Not a good decision in hindsight as that land may have hidden value.
Last edited by
vcr999 :
21/04/21
