You realise it takes longer than a click of fingers to start the operations at Nyidinghu... there is no infrastructure and no definite resource yet, would take 3-5 years to get it online. Its all about timing in the mining industry, think of it this way.. start developing now when contractor costs are low and time it right so when the industry rises again (as I see it happening now) iron ore price is at the high and youve already got a functioning mine reaping the benefits.
I can agree with the debt repayments, but whats the saying.. You have to spend money to make money, as we all are by investing right now.
You realise it takes longer than a click of fingers to start the...
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