Between the two places there is nearly all you need to know about magnetite.
Perhaps there are legs to Hotrock's contention that Sth Aust will be THE new iron ore provence.
IRD have mentioned 3 areas to Gawler . They paid cash not shares to reach 90% project status at the equivalent of an above market price so in the negotions with KCN there could be an understanding that there is more iron to be revealed !
The cancelling of BHP outer harbour plans in the west can only assist the magnetite marketplace.
The MRRT tax should break a lot of "wet" magnetite projects but the "fly through" of the CEIP future mine site [ bit hard to find] which can be found at IRD website shows complete production within the mine gates area. Therefore all depreciation allowances should be captured.
IRD propose a dry production; I am vague as to the cost savings of having a "dry" v's "wet" plant so please feel free to research and enlighten me.
IRD Price at posting:
28.4¢ Sentiment: LT Buy Disclosure: Held
