I've been reading through all of wfe annoucments regarding the iron ore deposit and I believe the deposit is viable and profitable. The iron ore price is around $72 a tonne and the annoucments state the deposit is profitable at various prices well below current.
Read this
http://www.aspecthuntley.com.au/docserver/01537035.pdf?
Is there things we don't know and not being told?
Is winmar capable of bringing a deposit into production?
Have they even spent any time developing this deposit in the past 6 months?
I just don't know anymore, I really do hope these guys don't give the deposit away for nothing!!!
Just seems no one is really running the show, they seem too busy defending themselves in court! It's all over the net!