Less than 90 days and we will know if FMG are going to mine Iron Valley. With a mining licence already approved they could very easily be moving iron ore before the end of 2013 if they take up the option.
If this deal can't be done with the current iron ore price and FMG looking to expand production then it will never get done.
Hopefully management have got potential partners for Buckland crawling all over them right now and we will get a big announcement on that project within the same time frame.
IOH Price at posting:
80.0¢ Sentiment: Hold Disclosure: Held
