This is exactly why Mark keeps saying it is not easy to set up a mine in Africa. The fate of Simandou project is in limbo now. How this will impact in terms of the timeline and cost is really unknown but certainly on the negative. Time and cost both could blow out massively. Some so called analysts who sit on their desk and write rubbish about Simandou replacing Australian IO have no clue what even might unfold and the impact to the project. I would listen to industry experts rather than so rubbish analysts.
https://www.cnbc.com/amp/2021/09/07/guinea-coup-rattles-iron-ore-and-bauxite-markets-stokes-economic-uncertainty.html?__twitter_impression=true
This is exactly why Mark keeps saying it is not easy to set up a...
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| MGT (ASX) Chart |