Well they have not come any further then investing in real estate.
They do not seem to be entrepeneural enough to come up with some good investments ideas.
Neither do I have the feeling that they have some proffesional parties search projects for them..
They just sitting on a cash balance of between 150-200 mio the last 10 years, did a good job running the mine but that is it.
Them setting up SD doesn't sound like a good plan, so lets hope somebody else has interest, maybe it has to get more clear that high grade IO (read pellets) will be the future and prices stay high.
I hope they will give the coming months more indication what they will do with this excessive amount of cash.
Grange's Iron ore pellets at A$427/tonne, page-71
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