First time look at this stock after sold down too profits. Amazing how fast sp collapsed. I don't think any magnetite iron project will get anywhere. Even haematite projects are almost bankrupted not to say energy-intensive and CAPEX intensive magnetite projects.
I won't invest in any magnetite IO project in Australia. NEVER will. Now we get too much supply, who will look at magnetite IO. Even haematite projects such as SDL, FMS & WNI are not doing so well. Just IMHO. It is your money.
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