I got a feeling we are moving on iron ore with the mid-west hotting up. I dont buy elguido's argument a while back that ROY cant fund its share of the JV so if GBG decides to go ahead then we are a price taker and hand over our share on a platter. We're talking about DSO close to infrastructure at a time when every junior with iron ore assets is being contacted by Chinese. If the JV or ROY's Pilbara tenements look good, funding should not be a problem and the only price takers are the Chinese. Its up to management to make it happen.
MFE Price at posting:
8.6¢ Sentiment: None Disclosure: Held
