I cant see how the operation will ever get up and going. The only way I think they can get it going may be to process the ore at GRR's facility. Nobody wants unprocessed magnetite, at lets say 40% IO.
Otherwise, it will cost them a fortune to build the infrastructure to process it. Anyone got $1.5b to invest?
If GRR cant get Southdown up and going, with over $200m cash, less property expenditure, how is this private company going to do it?
Clearly, it appears Josh is over optimistic in his announcement. Are there any elections in Tasmania at the moment?
Neighbours - From Australian Mining, page-5
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