IOH iron ore holdings limited

"Talks with Rio, BHP and Fortescue are continuing."Now that is...

  1. 7,248 Posts.
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    "Talks with Rio, BHP and Fortescue are continuing."

    Now that is what the market likes to hear.

    No doubt they can get the resource up over 1Bt it's just a question of how long it will take them with ongoing drilling at Bungaroo and they haven't even scratched the surface at Mesa J & Snake Valley. Throw in another hundred or so from the various targets at the central hub and 1Bt will be a doddle.

    Surprised that $10 million may only last until June 2011 but I guess aggressive drilling across multiple targets comes at a price and it's worth it.
 
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