FMG looking to go JV with magnetite and focus on their DSO.
IOH with large magnetite deposits in the throws of being proven up (been a while since we had a Maitland River report) and close proximity to SINO project AND a potential few billion near exisiting rail at Mesa J.
Expanded team including metallurgy background, and ex-native title invovled lawyer.
All adds up to me to suggest some hefty deals for magnetite could be in the pipeline.
Anyone wish to post some thoughts on this?
thoughts?
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