IRD 0.00% 6.0¢ iron road limited

major projject facilitation announced, page-3

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    Whenever I see magnetite I just think why... in an environment where hematite operations can struggle how can a magnetite op possibly get going? particularly one with a $4B capex. I just can't see it. Here's another story today on the coming/current IO surplus

    http://www.bloomberg.com/news/2014-04-09/iron-ore-bear-market-deepens-as-aussie-mines-expand-commodities.html
 
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