IOH, and other West Pilbara smalls, has stranded iron assets without a port to ship from. The port is "the project" for each of them. What value is their companies without a port to ship from?
Why is it now six years since the port creation was first proposed by the WA government and it isn't in place yet? Is it because of Mineralogy's involvement? Will it be another 6 years?
This port issue has little to do with IOH. IOH obviously wants to get on with the port development.
IOH Price at posting:
86.0¢ Sentiment: None Disclosure: Held