IOH iron ore holdings limited

Firstly an apology for my earlier rants.Next - the AQA annual...

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    Firstly an apology for my earlier rants.

    Next - the AQA annual report does make reference (page 13) to the possibility to include Buckland Hills (and other sites) as suitable to take advantage of their stage one infrastructure for the Western Pilbara. Now although that may seem blindingly obvious, it is at least good to see that AQA are looking at this.

    My question is if BH offers enough of a saving to put Hardy deposit (sp?) further to the south on hold for a while?

    In any event they also put out some proposed costs for mining as 1.6billion for infrastructure, and then ongoing costs of $22 a tonne (out of Hardy?). This is a pretty low cost operation if it comes off and the 1.6billion would be paid back pretty fast.

    I like the possibility that AQA may be in the hunt for Buckland Hills, as it means that RIO may have to make up their mind if they want it first.

    Good luck, DYOR.

    I do not hold AQA.
 
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