If the key IOH deposits were stand alone then Mr Market may have been on to something about doubt in unlocking value (not my opinion of course), however now that IV is linked to a BILLION tonne resource and BS part of a HALF BILLION tonne resource I can only see one end result for that iron ore (as well as possible longer term for Maitland River billion tonne at 30pct Fe). It will be dug up at some time or another and sold to make steel. Furthermore the proximity of the deposits to existing or planned rail, the intentions of the majors (and juniors) in expansion, and ongoing regional interest in spite of US and Euro worries all puts a big smile on my face.
The only remaining q' for me is will IOH remain just a find, hold, and sell in the ground company, or do they really intend to go JV (or solo) and mine the stuff. Is there an IOM code...? Either way the sp will be more than it is now!
Is it possible to get a sentiment option of "Mr Market is wrong"?
If the key IOH deposits were stand alone then Mr Market may have...
Add to My Watchlist
What is My Watchlist?