MMX 0.00% 4.7¢ murchison metals ltd

trading halt, page-32

  1. 628 Posts.
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    Muzzarati - how correct.

    Bulk commodities are worth nothing in the ground (maybe a few cents per tonne if you have some degree of JORC code resource).

    Many companies underestimate the issues of logistics/infrastructure and in this case MMX has shown itself to be very good at this.

    The other big problem now - how attractive are these assets anymore? China still has satisfactory demand for iron ore but I think this will taper off to some extent by 2015.

    MMX will be lucky to get the infrastructure approved by then let alone built.

    Truly a horrendous mess which of course someone (largely Chinese) will eventually assist in sorting out, especially if share price has a dramatic fall.

    Those additions to the MMX board have really worked out well !!!!!
 
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