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3.33% 6.2¢ iron road limited

Different ore than dig out the ground and ship off. As I...

  1. Aftermath2017
    194 Posts.
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    03/05/17
    11:14
    Post #: 24434586
    Different ore than dig out the ground and ship off. As I understand you have to process it to pellets as it is a low grade iron. BHP once built a bricket plant out of Hedland 20 or so years ago that was not successful. China as I believe are masters of this process. With China's current outlook of high grade ore to reduce pollution I can not think they will ship and process, and even lend their technology to process. Do not expect instant miracles.
    IRD Price at posting: 22.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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