maiden jorc resource, page-23

crackpot to me this is just a very small part of my portfolio , as it acts as a quasi hedge to my gold stocks, with iron ore being an input for industry which should turn positive if and when the European crisis finishes.
SFZ is a spec but the positive cashflow does give me some confidance that it has no immediate need for a placement. When the concentrator comes on line that will add to the margins per ton and I feel it will also insure the company against further downside as I am guessing they will be able to sign an off take aggreement for export of a higher grade ore that wont be at spot price but on contract.
Just my thoughts and have not been following it as closely as others on here who seem more knowledgable than me.