I just wanted to put it out there. Could this be a typo? yes it's possible. Could it be true?, also very possible and ony time will answer that. All said though, it's very close to SINO and their web site refers to "rights to aquire and additional 4Btonnes". Why not just up the road. As for Magnetite being the poor cousin, yes to a point but once again with those 6 massive grinders down the road and port built I see it being worth a lot to the right party.
My view is there was always far too much flag waving for 350Mtonnes of ore at Maitland. Still, it's not really my parade so I'll stop guessing and just get in behind!
.700-plus Million tonnes DSO .Potentially 1Billion-plus tonnes Magnetite (Q3 will tell) .All very well located
Would RIO consider buying out API and Bungaroo just 35kms from their mine. That would make very good long term sense of that rail in my view and deliver that ore quicker for all parties. IOH & API take the cash. Rio takes the shorter route to production.
Back to my Aussie red
IOH Price at posting:
$1.36 Sentiment: Hold Disclosure: Held
