The stock was up a massive 12 cents (11.65%) in overnight trade in Toronto and we can expect the locally listed share price to follow suit.
With the first shipment of 55,000 tonnes of iron ore scheduled to leave port next Friday (earning the company approx $6.5 million) and the $500M finance due to be approved within the next 7 weeks, it's startig to look like shareholders will soon be enjoying a re-rating of this hugely potential stock.
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