Considering the imminent mining of Iron Vally and the anticipated cash flow (Minres is almost certain to strike some kind of deal with FMG for haulage - Minres in fact mines Christmas Creek for FMG as I just realized).
Buckland Bungaroo looks like maybe a year further down the track but progressing well may be funded by Iron Valley cash and JV partner.
Who would have thought coastal magnetite would be a great source of $$$ in haematite rich Pilbara. Look likes FMG Iron Bridge, AGO Ridley and IOH Maitland River are in that category.
Maitland (once JV partnership is established - IOH has a great track record of offloading the risk and deveopment cost off our books) could be another good source of income.
IOH will be a damn good yield stock that's for sure and the SP to reflect that.
Given BCI (a cash cow growing exponentailly) has been talking about about Pilbara acquisitions, I wonder if these 2 great companies could one day end up in some sort of tie-up.
IOH Price at posting:
94.0¢ Sentiment: Buy Disclosure: Held
