It seems no companies are listening to Kev that the resource boom is over. FMG announced today that they will be entering into the magnetite game with a 10MT/Year magnetite and haematite supply starting 2015. Taiwans largest company Formosa are taking a percentage of the mine and majority of the supply to feed their new steel mills. Looks like more countries than china want magnetite as the rush for our resources continues. My advice to Kev is to look at other countries and stop believing the china bs. GBG is looking very good at the moment as the pricing for IO has not settled down yet and may not for some time. Go GBG!
GBG Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
