Hi all, haven't researched into this further yet but was just wondering if anyone has looked into replenishing current iron ore mines in the future.
With iron ore held between $50-60 I believe outside of the top 4 it will be hard for businesses to get loans to build a new mine to replenish there depleting mine (ago) so would need mostly there own capital to push ahead.
This would be a great advantage to FMG as I think they will make more money plodding along within us50-60 then to have competing mines stop and start messing with the supply vs demand even more.
What would be the next mine to go ahead in Aussie?? I heard brockmans might have costs low enough to get in but haven't read there DFS or if they even trade on asx and they don't have a port space in port hedland unless atlas drop out from what I've heard.
Any further info anyone has at hand for further research would be greatly appreciated.
Cheers.
Hi all, haven't researched into this further yet but was just...
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