There is the announcement we knew was coming BECAUSE OF THE VOLUMES AND PRICESTRADED.
Was it good enough to warrant 18cent trades. At this stage I dont think so.
Everybody is into iron ore. These guys are running a bit late.
Takes years to get up and running.
Having said that. The Mid west is starting to become an iron ore area with GBG etc.
Oakajee will be up and running in 2014 so there will be infrastructure in place.
Lets hope they have enough ore.
Seems most ore in Mid west is Magnetite which costs a lot to get a project running.
Does anybody know.
Cheers
Add to My Watchlist
What is My Watchlist?