more chinese interest in expanding io region

from The Australian today:

"...Singapore-based but locally listed OM Holdings (OMH) ... the decision by OMH to spend $2m farming into the Waddikee project owned by Monax Mining (MOX)."

"...This is a big vote of confidence in the junior. It's also another boost for South Australia's Eyre Peninsula, which has gone, in the space of just a few years, from mineral backwater to one of the most sought-after locations. MOX's deposit is just 55km west of the three big iron ore mines operated by OneSteel (OST) and 45km from the Wilgerup iron ore project owned by Centrex Metals (CXM). On Thursday, Centrex announced it had signed a five-year sales agreement with Baotou Iron & Steel. ..."

There are a number of iron ore juniors, including Western Plains, Ironclad, Iron Roads, Lincoln, and IMX, who are requiring port and infrastructure to commercialise their resources.

CXM, with the massive investment and vote of confidence from both WISCO and Baosteel, are in a prime position to be the focal point for these other companies, through the proposed deep-water port at Sheep Hill.

Not only has the market failed to realise the value that already exists in CXM's near term DSO exports out of Port Lincoln (ministerial approval due any day), but CXM also has a commanding long-term position with its magnetite exports and Chinese funding.

Do your research on CXM and their cash and off-take deals with WISCO and Baosteel.

- near-term DSO cash-flow.
- large cash backing/receivables from Chinese giants
- strategic position in leading development of new port facilities which will become even more valuable as Sth Aust. mineral boom accelerates.

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