I agree after stockpiling it for years Xstrata have stopped selling magnetite and I expect it was a big factor in their decision to not go ahead with the rail spur J/V with CDU - I think the magnetite is unlikely to be commercialized but I never even factored it in to my investment decision - I am more concerned with how much the cobalt is weighing on the Cu Eq calcs - I really want to see they can commercially extract CO where MIM and the Xmen have failed to do so.
CDU Price at posting:
$1.86 Sentiment: None Disclosure: Held
