re: Ann: Ferrowest Acquires Yalyirimbi Iron P... ThePiedPiper!
You are absolutely right. MOL is trading BELOW cash-backing and it is a producer of 1Mt at cost around $85/t. They are making good profits and traded below cash-backing. MOL wants to sell the project for around $37m to get out of iron ore haematite due to low iron ore prices coming up. Why FWL wants to develop another project, just buy MOL's project and start generating good profit on day 1? Also MOL is lower cost too.
It is not cross promotion, but just saying small iron ore players are getting out ASAP.
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