I have been doing some extensive research on iron ore companies in the pilbra. Whilst researching BC Iron I couldnt help but see similar attributes to winmar, just read their company presentation, you'll see what I mean.
1: 5 mtpa operation 2: transport from mine to port 3: shares on offer 4: quality of ore
The list goes on. Even though BC iron is more mature winmar is on the right track, infact IMO winmar might just be in a little better position regarding mine life and deposit size. Winmar is looking at a 10-15 mtpa production compared to their 5 mtpa.
I'm interested in other peoples thoughts.
"BC Iron is an iron ore development and mining company with key assets in the Pilbara region of Western Australia. The Company’s core focus is the Nullagine Iron Ore Project, a 50/50 joint venture with Fortescue Metals Group Limited. The JV uses Fortescue’s infrastructure at Christmas Creek, 50km south of the Nullagine mine, to rail its ore to Port Hedland from where it is shipped directly to customers overseas."
WFE Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held
