The only viable IO hopeful (yes I'm bias) in South Australia is CXM by a huge margin.
With plenty of cash in the bank (just paid out a juciy special dividend), 2 of China's largest steel mills funding everything to production, affordable infrastructure supported by government and port to be half funded by China, with more and more resources defined, it's going places.
As for Ironroad or Ironclad for that matter, they may be mothballed for a long time given the volatile IO price. Funding is the biggest inhibitor. Just can't see anyone who will pay big bucks for the infrastructure (especially for magnetite).
IRD Price at posting:
19.7¢ Sentiment: None Disclosure: Not Held
