Onesteel have all but closed the door on WPG's Whyalla port access-CXM are still a far better prospect for TTY on- logistics,price & probability of production.
CXM have an MOU with Onesteel for port access & for infrastructure shareing.
The vast majority of Fe HOPEFULLS will never see production as Fe mining is dictated by trasport logistics & mining economies of scale.This reality is obviously taking time for people to wrap their heads around.
Explorer-juniors that prove up resources of quality & size AND are close to available RAIL transport & PORT will become probable T/O targets---lets not forget that both RIO & BHP are ramping up substantial prduction output & will come on stream BEFORE most of the wanna bees have only partially completed their resource drilling -then PFS & BFS studies,massive cap raising & dilution.Pies in the sky.
TTY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
