I am no geologist but why wouldn't there be iron ore off the coast of South Australia. Isn't it all part of the same continental land mass and at one stage was above sea level. Didn't it all form around the same time.
I am a bit confused. Maybe my iron ore stocks need to put a drill in off South Australia to check it out for me. Problem is getting it to the surface. At least with oil, I can pump it up to the surface.
So confusing and apologies for being off topic.
Regards,
ophir - takes off. tanz 4.5 tcf gas discovery , page-19
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