Correct
The companies who previously tried failed, most went bankrupt. Same on the cards this time.
- hangover from prior bankrupted operator
- ore grades are not meeting their predictions
Why invest in a company that has more chance of going broke than making a dollar. Past history is often a sign of the future.
Better sell and buy iron ore stocks or the new gold COPPER.
Ann: Investor Presentation - Update May 2021, page-5
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