Some good interest today.
A few sellers put a few million volume on at .6c but sell side does not look too heavy..
Very interested on an update from Wayne on the project.. Hopefully we will see an announcement soon. If the Port Logistics costs are known and reasonable that the "big open question" closed. If Wayne was in China I presume he was meeting Wisco.. One would speculatively wonder if they would take a look at the numbers (being so close, having capacity and maybe some synergies)
It is then about further confirmation of the DSO which could be done via some trenching (I presume now they could get a team onto site as the wet season subsides)
And an estimate on the circuit needed (including cost) to crush the ore.
I also noted Morgan Stanley's has cut it predictions on iron ore through to 2018 to around an average US58 for 62%. With a premium product predicted from Mofe, this should be more than enough to generate a nice profitable project. Would love to see an updated "back of the napkin" figures for this.
Interesting times..
Do Your Own Research.. Not investment advice..
TAW Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
