It is in my opinion that nothing will be done until 2018 - 2019 at the earliest.
To have any progress at Mt Bevan, they will need the Fe prices to be considerably higher in order to begin anything substantial - lets not forget the failed Port Allocation at Esperance
As for new acquisitions, I think highly unlikely. For any acquisition to go through - this requires board approval, and in this case the directors of NMDC. It seems to me that the board has reluctance of approving any new acquisitions.
Meanwhile, the directors, company secretary, geologist and other staff will be paid, the lights will be on from 9 - 5 weekdays, and watch as the money gets slowly drained from the bank account with nothing achieved of any significance.
LCY Price at posting:
0.5¢ Sentiment: Sell Disclosure: Held
