Imo we could get some interest from indian steel mills big gun with indian government stopping all mining activity in Karnataka bellary which has a very big DSO reserve in excess of 10bt ton and indian companys have spent huge some of money in excess of 70,000 cr rs equates in excess of 15 billion some of money spent to procure raw matrials for there stell mills IMO indian will like to get hold of a big reserve before china take hold of all big reserve
I reckon it was a good buy before the split and i am very bullish abt the propects ahead for the iron ore spec
MBM Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
