RE:RE:RE:RE:RE:RE:RE:ABXXWisedreamer wrote: If what you say is correct then, there are many CPCs/empty shell companies available for them to go public. The mining guys' are eyeing the iron ore assets in NML and under the guise of this is a high risk fintech, want to scoop those assets for nothing!
I would like to know what the plans are for those assets given that iron ore is a hot commodity and all iron ore companies are red hot!!
I did a little research into it, and it seems that NML could not get the property developed because of "market conditions". They have done all of the groundwork (feasibility studies etc.), but could not get it off the ground. So it isn't environmental activism or natvie land rights, just ROI. As you have said, iron prices are up massively, and the Millenium Iron Range might now be profitable. I had written it off, but it does look more and more attractive the higher ore prices go. nice.