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Ann: Mining Proposal Approved by DMIRS for Paulsens East Iron Ore, page-7

  1. Lamchop
    1,056 Posts.
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    02/08/21
    10:08
    Post #: 54952991
    all the iron ore stocks are falling. let's see how market reacts
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    lightbulb Created with Sketch.  Great analysis
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  3. redned71
    1,601 Posts.
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    02/08/21
    10:08
    Post #: 54952992
    yeah, the market will remain unconvinced as seen by current market cap. They’ll have to meet their milestones, get shipping at/below forecast cost and keep doing it. Not sure we’ll see a decent rerate soon. FEX took more than a quarter after production started. So 9-12 months.
    risk is implementation. They’ve taken way longer than others to get to this stage. So market expects them to drag the chain on this too.
    let’s hope not.
    cheers,
    ned.
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    lightbulb Created with Sketch.  Great analysis
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