just thought I would chime in and acknowledge that is correct, I worked in iron ore industry for 5 years, and you are spot on with your comments above.
I don't think people can truely appreciate just how many ducks are in line with this company and their willingness to see cash flow in such a short time. what they are sitting on, is a license to print money, with a very low capital expenditure compared to Australian BIF deposits.
it is just a great sign of frugality and much less chance of dilution by management having clear cash flow plan (they actually give a Shit about their shareholders)
doesn't matter what angle you look at this business, they're ticking boxes
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just thought I would chime in and acknowledge that is correct, I...
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