Ann: Wilcherry Hill Iron Ore Drilling Update , page-13

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  1. 480 Posts.
    Biggest risk seems to be IO pricing.

    We have some predictions at $120 (big miners), some at $75 (Chinese reports).

    One is a winner, one a loser, and looks like we need anywhere north of $90.

    Time will tell.

    Right now not for the faint hearted.

    Those already committed and not yet bailed probably remain to hold. Dont see many new entrants until there is better sureity on the IO pricing and project economics, and who knows when that will be!
 
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