I think u have a short memory or a newbie investor as we have seen this all before, Chinese enthusiastically coming in promising this and that, signing offtakes, taking photos with government officials, giving investors plenty of hope and then nothing or fall from grace. Nothing has changed just different approach (environmental?). And they have plenty of options, buying out AGO, loads of hematite assets in Pilbara still crying out for some investment. They can go to Africa or even Brazil. Last thing I'd be touching is high cost magnetite. All I can say is look at the current iron market and prices and outlook.
IRD Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
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