Ah!! I think you have the wrong end of the stick.
I am not interested in pumping up or bringing down anyone.
Pure economics mate. IRD are a low grade magnetite play. They will never be in competition with any of the big three in WA. Simply because they could not compete. I does not matter which magnetite miner it is, Sino Iron, Gindalbie.
All are struggling to turn a profit in a bear commodity cycle. Even after pumping millions of dollars into their process, they are still operating at a loss.
Falling IO price means that the only ones that can withstand it are low cost IO producers.
No need for me to take down IRD, because they are still a speculative start up IO company.
There is nothing to take down. The board and management already know the harsh reality of which i speak.
IRD Price at posting:
26.5¢ Sentiment: None Disclosure: Not Held
