I dont think IOH will be taken out but you never know. I suspect the Bungaroo is well down the track and we all know IV is sorted. The only burning question is has IOH pegged any other ground for future exploration or are they thinking of of moving away from Iron Ore. If they end up doing a deal with AQA & MIN would they not be at capacity with the haul road? They did say that 18 months or so ago they would look at other opportunities and were prepared to look outside of Iron Ore.
IOH Price at posting:
92.5¢ Sentiment: Buy Disclosure: Held