Operations are in a bit of a holding pattern next 3-6 months as IOH await:
1) Completion of Bungaroo PFS (due Q4) exploring two production pathways. 2) Decision by FMG re the take-up of the Iron Valley option they have until March 2013 to pull the trigger. 3) Decision on Anketell port, well overdue & directly impacting the Bungaroo business case.
There is also some ongoing exploration but the above three items will take time and this is now a waiting game pending the outcome of these.
IOH Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
