Jupiter said they wanted to consolidate Jupiter's, Hawthorn and...

Jupiter said they wanted to consolidate Jupiter's, Hawthorn and Mindax's Iron Ore tenemants into a single ownership or joint venture structure. Since they made that statement, they havent made any corporate moves towards the other companies so some sort of JV structure looks more likely down the track. Jupiter has the financial backing to get their Iron ore project off the ground, Mindax may do as well with their Chinese and Asian major shareholders. Im not sure about Hawthorns major shareholders but id say they are looking to develop a resource and then look to sell it off. It makes sense to have all the neighbouring resource companies working together or owned by one company but nothing has really developed on this front yet.