So they fail at Ni and go into Fe2O3, I am sure the share price of FXR will rocket next week on the news as all the lemmings flock to this. Do any of you realise how much it cost to develop magnetite its a bunch palleting magnetic seperation and stripping then you need to get the port facilities, by htat time the price of iron ore will be lower.
Will make a good trading stock for a few days next week though just like what happened with ADY and MMX after their anouncements.
GOod luck with the Melbourne boys.
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Nick Poll, Executive Director
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