Just look to the three biggest IO players in Australia.
That should tell you the whole picture.
Why have they not invested in any magnetite ventures with their billions of dollars in profit?
You can keep deluding yourself and I am not going to keep repeating myself.
The only thing that I will give ground on is the 20 years time on the basis that they find a billion tonnes of high grade DSO (Direct to Ship) IO.
Over and Out!!!
IRD Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held
