Aussie $ down, good news for an iron ore company like PDY. The Chinese will be finding PDY's bountiful treasures irresistable, what an amazing time to be going to China. The Chinese could have their pick of ANY established iron ore junior producer (BCI, AGO, MGX) for a 20th of the cost of Oakajee but PDY will top the list for a modest $6 billion.
All they need (page 15 of 30/09/2014 presentation) is:
1) A consortium of foundation mines
2) Government and Community Support (but then again Gary says the "Project enjoys strong government, industry & community support" (page 22) - so which is it ?)
3) Infrastructure investors.
60 million tonnes a year by 2018 !!!!!
BRING IT ON !!!!!
PDY Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
