MGU Media Thread, page-88

Nicholas Snowdon of “copper is the new oil” fame told delegates at last week’s Singapore Iron Ore Forum it will not be until 2023 when we see more normalisation in the market.

“The twin pillars of supply constraints and peaking Chinese steel demand on which iron ore’s wild ride to US$220/t have been based are still standing", Snowdon said.

“It would be wrong to say that the bull market for iron ore, you know, is on the cusp of ending,”
(From Josh Chiat's article on Stockheed.)


Current prices give MGU a perfect window to get into production at reduced risk and minimising shareholder dilution.

Thereafter, our ideal blend of super high-grade, low impurity ore, uniquely located facing the Pacific markets of China, Korea and Japan, and readily available to North American buyers, takes care of itself.