Good article above that talks about this very point. Basically it outlines how the majors have backed themselves in the corner with their current strategies..
Good thing with TAW..
a) They have done some drilling which I hope will confirm that big DSO.
b) They are just waiting on an MDA and Port agreement to be finalised but should be soon.
c) They have spent what they need to on the project through end of 2016 (Deme email)
So the Project is in a great position for when the Iron Ore price recovers. (which I believe will only happen when a number of mid-tier players drop out and the majors tighten supply so could be a wait)
Meanwhile the company has cut costs now dramatically.
4) Wisco is still next door and planning to build a steel mill in Liberia so you never know when you have a premium grade resource at your doorstep that would definitely help the lower grade material they have.
My opinion only. Do your own research.
TAW Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
