Yeah got to be great news for Ridley. The Chinese are hungry for all iron ore and Ridley is very long life, high quality (for magnetite) and have already complete a PFS. Given this and the encouraging words from Management about the project we should be in for some excellent news very shortly.
My only concern seems to be that the Chinese are the only party with any real interest, so not much incentive to bid against each other. Hopefully they come up with an offer thats fair for all parties.
AGO Price at posting:
$1.93 Sentiment: Hold Disclosure: Held
