Another HotCopper news item re iron ore.
It notes concerns over rising stockpiles or iron ore at ports, but mainly low grade and high grade is hard to get - which is what CAP have.
https://hotcopper.com.au/resources/...s-steel-supported-by-cuts.46676/#.WLz2Ufl95aQ
Frader - you asked "Do you take the punt that funding will happen?"
The answer will be different for different people - but for me, it is Yes. I've held some in the bottom draw for too long. I also topped up last year because the company was doing what I would do - being check to see if you have a product that customers want. They have done this with a range of customers. Articles like the above also provide some independent confirmation that the product is in demand generally.
Therefore, they have the right product.
The product is in the right place - low risk mining country, close to labour (Broken Hill), transport options available, water and power available.
The only question that remains is how economic the product will be to mine. All indications are very profitable but once again, management are doing what I would do to confirm this with PFS.
If you don't think it's worth the punt yet, then keep an eye out for when the PFS comes out.
