Sorry to get a little off topic here but Anyone got any thought on how low cost county mining will affect us junior iron ore minors over the next few years. I know it's all relevant to demand but companies like NSL http://www.**************.com/upside-nsl-sale-prices-expected-iron-ore-continues-upwards/
Who can produce much cheaper than us will surely have some impact. I use NSL as they plan to be in production of similar tones to AGO within the next couple of years around 8 million tones. From an investment perspective I think the government needs to start investing in cheaper infrastructure to support us junior minors so we stay in the race. Like rail and port expansion, lower duties and taxes. I just feel that short ten we will all do well but longer term it is going to be not so easy. IMO.
AGO Price at posting:
3.4¢ Sentiment: Hold Disclosure: Held