New player in Weld Range attracting interest

Came across this article in the AFR this morning. Stunning profit levels from a small operation.

Before anyone gets too excited about Hampton's interests in the Weld Range, the grade of the iron ore being mined by Fenix Resources has typically over 65% Fe content.

Secondly given where relations are now between Australia & China i think there is a snow flakes chance in hell of Sino ever being allowed ( by either the Chinese or Australian govt's ) to install the necessary infrastructure in Mid West to unlock all these iron ore deposits.