Iron ore is a hard one. In some ways Iron ore isn't a minerals business it's a processing and logistics business. The key thing is cost to port and I don't know what it's like for this potential deposit. My worry with GLM is that they have a scattergun approach to "market sensitive" announcements for whatever the flavour of the month mineral is. They haven't even been clear about what the Iron Ore relationship is: ownership? option? JV? Royalty?
GLM Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Held
