SuperWealthy, maybe it is heresy, but wouldn't IOH be better off at this point just selling off stakes or selling off properties entirely? Tackling anything this capital intensive in a market where iron ore pricing could ultimately settle below $80/ton seems a bit maniacal. You really have to have the religion to move forward on $500M capex in this environment.
SuperWealthy, maybe it is heresy, but wouldn't IOH be better off...
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