This is good grade Magnetite Adrian and I think they've got themselves a sizable lump of it. There a ready markets for it in China and many of their mills are designed to run this product, just as many are designed to run on DSO ore. With the massive SINO operation just down the road, the port. gas, road etc in arms reach, this product will find a home. My view is they know this find is a winner and a whole lot less stranded than many other ore bodies and not just in the Pilbara. My view just as an example is its a whole lot cheaper to expand on SINO's massive operation than to deliver another 250km rail link farther north if you catch my drift. This is a good opportunity for SINO to put the brakes on any Oakajee rail spend and look closer to home. Just my opinion.
As always time will tell
IOH Price at posting:
$1.36 Sentiment: LT Buy Disclosure: Held
