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0.64% 77.5¢ red hawk mining limited

rio and procurement?, page-14

  1. wizard8
    288 Posts.
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    20/06/11
    20:50
    Post #: 8563497
    FMS has sound resource and close to rail,things are taking time.
    Market sentiment is the main cause of low sp.
    My concern is over supply of ore in years ahead as BHP,RIO,FMG and other producers are scaling it's production in a
    massive way,it will be buyer's market in next 2 -3 years IMO.
    However,it just costs $35 (FOB) that is a big plus for the company.
    Love to take advantage of low sp in next 3 months.
    Dyor

    FMS Price at posting: 12.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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