re: Ann: IOH Secures Mining Lease for Bungaro... IOH has no debt...

re: Ann: IOH Secures Mining Lease for Bungaro... IOH has no debt so will be sitting pretty when the time comes. The issue for most is lost opportunity elsewhere.
The Chinese are in no great rush, they waited 100 years to get Hong Kong back and I am sure they can wait a few months or years to get the deal they want on Australian iron ore. IOH will no doubt play it slow, safe, and steady - but a few million tonnes of cash flow producing iron ore sales would not hurt either!