Im not sure how they are going to get their product through the port of esperance without a significant funding injection to upgrade the capacity of the port. It is currently near full production and with a large handful of other companies also planning to export through there, there will be a bottleneck form at this port. Other ports may be an option but they are further away and will add to the transport costs. Their resource size is one of the larger ones in the region at the moment, but you still have to be able to export through a port to extract any value from it.
I dont think Mindax will be valued properly (IO assets anyway) until transport is in place, which looks like it wont begin being built for a few years yet. Who knows what will happen after the next resource upgrade though, surely the price would have to rise on the back of it.
MDX Price at posting:
44.9¢ Sentiment: Hold Disclosure: Held
