troskolo

Have not really followed it-just had a quick look at recent announcements.

First impression is that it is a malaysian plaything-very little in the way of domestic insto support.

Board is top heavy-too many lawyers, not enough miners.

The production rate of 1mt per annum is not much, and going by road eats up the margins.

Does a seven year+ minelife at 1mtpa justify its shareprice? Dont know-but if you are a holder it is probably reassuring that RIO joined Gina Rinehart at Hope Downs. The short term has iron ore delivery under negative pressure for three to six months(the Chinese have approx 27million tonnes sitting on their wharves at the moment), but the longer term is obviously stronger if you follow RIO's lead.

It does not appear in any of the mainstream promotes so I will probably continue to not follow it! Sorry.

Cheers,TAS