He only risked 200m, because he ll only pay the next $200m if and when production starts... and if production does start at some point our interest would be worth MANY MANY billions of dollars at the time... Imagine 420m tonnes of iron ore
so people will look back on this deal and think how the hell did we get 60-70billiom dollars worth of iron ore for $400m..... Crazy isn't it. But that's CE
And I would prefer more iron ore than lithium. We have plenty of lithium. We have services. Iron ore is the lowest risk commodity with relative certainty about demand and use for 100s of years to come
think about that
CE YOU GENIUS
DYOR
Down by 5% today? Why?, page-15
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$78.00 |
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1.200(1.56%) |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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$77.82 |
Change
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