IRD 0.00% 6.0¢ iron road limited

Ann: Corporate Update and Board Changes, page-9

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  1. 1,946 Posts.
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    It's only worth a punt if someone fronts up with the billions required to get it to production, hindmost.

    Costs including interest? - About equal to revenue.

    Port? A very long way away and cost/logistics of transport from mine are insane.

    Government? This is SA. There's no financial backing available. The cost/benefit is a shocker.

    The Chinese banks? No answer by last Christmas as promised is the Chinese way of saying no.

    It's not worth a punt, in fact it's money down the drain, but good luck with your holding.
 
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