Great article MJP, thanks. It's quite relevant given that the Lindsey project is a Tin and Tg mine, and if memory serves it is likely to produce more Tg than Tin. Nice to have both resources on hand and both in high demand going forward.
The takeaway I have from that article is the difficulty in getting funds to get Tg projects off the ground, which is why we need to have the capital from the two DSO projects. The other hurdle to overcome in raising additional funding is the sovereign risk investors currently feel about Tasmania due to the powerful minority groups. That is the real issue to be resolved, but it does look like strong steps are being taken in that direction, finally.
An increase in the IO price would be also help....
June 27 (Reuters) - Iron ore rose to its highest
level in nearly a month and was on track for its biggest weekly
increase since August as buying interest gained momentum after a
30 percent fall in prices this year.
Iron ore futures in top consumer China rose for a fifth day
in six on Friday, spurred by hopes that an improved outlook for
the world's No. 2 economy may strengthen demand while supply has
probably peaked.
"I think we've passed the bottom," said Mark Pervan, head of
research at Australia and New Zealand Banking Group.
Most global miners have already hit their increased capacity
so there is unlikely to be another substantial increase in
supply while Chinese mills that are running low on iron ore
inventory may restock more in the second half of the year, he
said.
Benchmark 62 percent grade iron ore for immediate delivery
to China .IO62-CNI=SI climbed 1.7 percent to $95.30 a tonne on
Thursday, its highest since May 29, based on data compiled by
Steel Index.
Iron ore has gained 3.5 percent so far for the week, already
its largest increase since mid-August.
"I think we'll probably reach $100 in the near term. It's
not out of the question, we're coming from an oversold position
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Great article MJP, thanks. It's quite relevant given that the...
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