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At $23/t opex AXZ A minnow, but potentially highly profitable...

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05/10/16

00:41

Post #: 19624955
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Originally posted by JCoure ↑

NSL is too small and is reliant on Indian steel mills.

I think AGO is more of a possibility for either BHP and RIO but strategy wise, they would not want to encourage consolidation as others such as FMG and Vale still struggle and could receive benefits should BHP and/ or RIO start a consolidation vanity binge.

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At $23/t opex AXZ
A minnow, but potentially highly profitable particularly if they can achieve a premium as expected for their "boutique" iron sands.
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