Couldn’t agree with you more! Best thing that MIO is not at...

Couldn’t agree with you more! Best thing that MIO is not at exploration stage they are in advance stage of moving into production in next couple of years which is significant imo compare to lot of other mining companies who are at exploration stage but to convert them into mine may take 4-5 years and by that time macro economic can change. I am holding my shares for long term as I have high expectations and convince that management will bring mine into production in set target time. If we see in current economic environment where every company listed on ASX able to raise as much money as they needed due to amount of monetary support by governments worldwide, I believe MIO will be able to get finance of $US 300M to $ US 450M for lthe mine.

Along with Iron Ore resources, MiO also have JV with FE Ltd ASX:FEL) for copper and gold exploration which are also highly valued commodities in current economic climate and future outlook. Also MIO has some early success in Nickel exploration for which they are looking for partner I am sure announcements related to Nickel exploration will come at some stage as Management is currently focused on iron ore project. IMO Nickel will be new gold in coming years due to growth in Elecric vehicles and other technology based industries.