Hey mate, I've thought the same. I could be wrong but you would think with the amount of DSO ore in Aus it wouldn't be viable to run the same benefication process here? Someone more informed in the specifics of mining might be able to add detail to that.
I personally would like to see them run benefication in India given the amount of ore available for this sort of project. We just didnt have enough of it on our site which is the reason we are in this spot. It's a big move for the MD to shut the whole thing down given there would have been multiple options like bringing the ore from another site or purchasing it. Margins might have not been adequate for this. There must be a viable option and hopefully they are working out the details. We are supposed to hear shortly.
IOR Price at posting:
6.9¢ Sentiment: None Disclosure: Held
