What is missing in the statement is that the Group has also demonstrated a history of failures since March 2022 (the private placement) when the ore price was quite high. Apart from not being able to close a JV since then the next biggest failure so far is the lack of an updated FS costing review of how the rebranded 'Green iron ore company' mine at Lake Giles is going to operate. Could this 'Green' rebranding a feeble attempt to entice AF to take a plunge?
I trhink we can safely forget all the other potential ore mining opportunities they have discovered - Lithium, Nickel, Gold etc. - and that leaves Infinity Mining as their only lifebuoy (with not much love left between those two).
Even with a significant recovery of the ore price there would be enormous cost blowouts in providing a suitable infrastructure as well as mine operations for this 'WA's future Magnetite Hub at Lake Giles'.
I have to share the sentiment of the above post.
What is missing in the statement is that the Group has also...
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