I believe we will see again re-bounce in the iron ore price as we have seen that happen many times in the past now.
Iron ore is needed not just by China but also the other developing countries.
India alone needs to double its railway lines if they want to keep up with their infrastructure to serve a growing population , you can imagine how much steel will needed for all that.
I see Riley going into production once this court case is finished and the iron ore prices have re-bound.
It will no take long to get Riley in full production and they will have a very low production cost since there is no digging or blasting needed and the railway is around the corner.
We could not wish for a better spot to have an iron ore resource.
The tin price will stay strong for time to come and tungsten will only add to the profitability , so I think its not all doom and gloom just a few bumps in the road towards production, that are taking longer then we thought.
jojo
VMS Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
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