ARH 0.00% 0.5¢ australasian resources limited

Its no TITANIC.ARH has the right to exploit huge wealth that is...

  1. 485 Posts.
    Its no TITANIC.ARH has the right to exploit huge wealth that is currently underground but,of course,easily extracted.This wealth is better than money in the bank.The approx 3 bill required to develop the mine is not extraordinary.I read about one Iron Ore company today that requires $4.7bill and most of that is for rail and port infrastructure.We are blessed in that the infrastructure is in place.Also Magnetite of the kind ARH possesses actually produces a higher quality Iron product than the Haematite mines which are ageing rapidly.If I am not mistaken,the $4.7 bill mentioned is required for the Sundance project in the Cameroon.They must costruct a 500 km railroad through a virtual "heart of darkness"jungle.That what I call a problem and maybe even a Titanic.
    Chill out.It will happen.Be patient.
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