sure the global economy is being shall we say "reshuffled", but the money exists somewhere and development still pushes forwards somewhere as populations still grow and infrastructure is still being developed and the demand for IO will still be there. And besides, we are a while away from the mine being productive - but that may be someone else's problem.
And it is IMHO that in these times of uncertainty there is no better way to plan for massive wealth creation - one day we'll all wake up and find that business confidence for no apparent reason will be back again and we will have an all mighty bull run.
the question is - who is willing to through tons of money into the market and sweat it out. I did in the middle of the GFC - people thought I was mad but the way i saw it RIO, BHP, WES, JBH, etc were making excellent returns relative to their SP.
EIO is cheap dont you think?
EIO Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held