consolidation in the pilbara, page-3

IMHO the ball is rolling on this front. Last year we saw consolidation & plenty of M&A activity in the CSG sector, where the juniors were taken up at considerable premiums.
Out in the Pilbara its only a matter of time for a similar sort of pattern to develop for most Jr-Mid-tier explorers.

We have cashed up Chinese firms with their demand for Iron ore, who are looking at other opportunities outside the traditional RIO's & BHP's. This bodes quite well for most junior-mid tier explorers, from what we have already seen so far. The kind of millons of dollars rolling in are real now, not a myth!!

Its game-on in the Pilbara & Flinders is well-poised for that with its 511 mT inferred + 100mT BID in the Delta target + more BID in areas left open + between 121-164 mT's in E47/1560.

Note that on their location map for Central Hamersley Fe deposits, we have RIO's Caliwinginna BID with 854 mT to the north & FMG's Solomon & Serenity with ~2bT to the east. To the South there's RIO's Brockman deposit with the railway, ore loading & stockpile facilities.

Flinders is worth watching from here on, at 14c SP it's well placed & should consolidate.