leo, the main project is molybdenum. look it up. google it....

leo, the main project is molybdenum. look it up. google it. prices are volatile and down at the moment. a look at the long term supply and demand shows: they must and will rise sinificantly because this stuff is needed badly. and now please pay attention: the iron ore is a strategic vehicle to build up the moly mine with limited dilution by creating positive cashflow before the big mine construction begins in big steps. it is that kind of step by step strategy only small minds can not understand. the iron ore mine shall run for 5 years+, with an annual production of 1m tonnes. the good thing about the iron ore mine is: most things being build up now can and will be used for the moly mine as well. the spinifex ridge molybdenum-copper resource is only 500 meters away. so you might just say, that they have started to build the moly mine already. the complete infrastructure along with technical and transportation materials and staff, it will all be there before the official moly mine constructions start. this is, what the market does not understand yet because of irrational fears provoked by people like you. fact is: it's a big chance for everyone. jmho. stay cool!