another great sign for demand for iron ore (and that important little ingredient called molydenum) is the works in Port Hedland.
1.BHP will complete two new cape size berths in the inner harbour by years end.
2.FMG have dredged out a third cape size berth with a second loader due.
3.BHP have commenced dredging two new berths at burgess point (inner harbour).
4.The Port Authority has the new berth at Utah Point due to open shortly.
5.Gina Hancock and co are doing appraisal on SW creek berths (inner harbour).
6.Commentary appears to be towards the iron ore tie-up between BHP and RIO not going ahead therefore increased chances of the the outer harbour being developed.
Our biggest companies which are partly responsible for keeping Australia afloat are investing big-time in infrastructure which shows their confidence in steel demand.
This is all good for the little fella just up the road called MOLY.
Good luck to all.
MOL Price at posting:
88.5¢ Sentiment: ST Buy Disclosure: Held
