Ann: MRD Acquires Weld Range West Iron Project, page-4

These guys aren’t dumb, contrary to what some on here think, they’ve obviously been working on finding the right asset for some time, I would have to think they’ve got something up their sleeve. They’re not inclined to invest in something just for the hell of it, maybe this relatively new technology is working well at Mt Ridley and they have reason to believe that there’s likely something viable at this new location. I’m sure the overwhelming majority of people thought the Fraser Range was dogshit as well until Creasy’s discovery.
Only time will tell who’s right and who’s wrong and I’m backing in the judgement of one of the guys involved as he doesn’t tend to back too many losers in this field.