Price of Iron Ore, page-77

rob understands the financial market and quickly moved to hedging.

look at other juniors vms, strike, gwr took them years and years to start producing. rob has done it on budget and on time ( 2 years since ipo). he's also got huge shareholding so skin in the game.

with io price dropping all the juniors that's trying to produce won't get finance and high cost producers with low quality iron ore will go into care and maintenance. we get a premium for our high quality iron ore.

I've been topping up as this is falling to average down. cash backed per share will be increasing. buy off the weak hands