Iron Sands, page-10

There are no fundamentals yet because the company is not yet producing; its all speculative.

eg:
What is the COP?
What is the sale FOB price?

Without these two vital figures its all speculations.

The Chinese won't risk $100 millions without getting a sweetheart deal on the Iron ore.
IMO, this operation (dredging, seperation and drying) is likely to cost more aot $50/ton
and then it has to compete with shipping costs (cape sized ships ex WA & Brazil vs small boats ex Fiji).

In WA we see how small IO miners such as AGO and MGX are fairing since the
price of IO has slid from $120/ton+ to Sub $90.(just check their ASX SP graphs)

Small scale mining/dredging and processing , IMO, cannot compete with RIO, BHP & Vale
who, as it is, are capable of oversupplying the market and driving prices even lower.

Cheers
moorookamick