unprofitable question

Hate to kill a good story but I can assure punters that this Iron Project does not show a profit even at $100 / tonne. Everyone in Perth look over this deal and knocked it back before it was done as a IPO. The resource is far too small for a start and trucking it just doesn't cut the mustard. But lets not kill a good bullshit story with the facts. Must be Eastern States punters buying it because all the brokers in Perth must by now know the real story. This is and always has been just a satellite deposit which needs to be joined with one of the big players but all rejected it based on the numbers.