price firming on the sound of pennies dropping, page-19

Brilliant reply Micky, thank you. My research was starting to build the picture you just painted. Crazy idea to build such big infrastructure when it is already there and iron ore prices softening. Yes they could pull it off at a steady $200 a tonne, but that is years away. If everything is parked, then makes no sense for board to suck up large cash reserves for warming their seats. Thought the low market cap was an opportunity, but now I will keep my distance. Regards, ST