I guess we have to wait and see if Cities ever turn a profit from it planned 2 billion ton mine. I think not, the tail will be between the legs so to speak.
Until Cities has I can not see any one buying or investing in ARH.
Lets face it 160 billion tons of less than 30% FE ore is worth what if you can not mine it!!!
By the way have you guys looked at what coming from West Africa ie Guinea in terms of increased iron ore production! No wonder BHP and FMG are ramping up production to secure new long term contracts.
ARH Price at posting:
31.5¢ Sentiment: LT Sell Disclosure: Not Held
