re: Ann: High Yield Magnetite Mineralisation ...
Well said Nuke! I don't believe in ANY magnetite iron project. I think iron ore price will stay low for sometime, not low enough for big players to be unprofitable (eg BHP, etc.) but not high enough to start a brand-new multi-billion magnetite project.
Big players can increase productions to push price low, so they can stay in control. And reduce production to push price up.
After what happen with CITIC's $8B CAPEX, I think everyone will be careful investing in Australia. I'm NOT saying projects will be like CITIC, but that project gave bad name to magnetite ore.
Just IMHO.
MFE Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
