IOH 0.00% 70.0¢ iron ore holdings limited

More Clues Perhaps ?

  1. 10,494 Posts.

    Old Fosters Report : Iron Ore Holdings Ltd (IOH.ASX, $1.48/sh, Mkt Cap $206m) – Bungaroo South
    concept study numbers show very robust project. Initial thoughts. BUY (PT $3.85)

    .....Significant technical and financial synergies identified for both IOH and the API JV [Aquila
    Resources (AQA.ASX) & AMCI] should the deposit be co‐developed with adjoining API deposit.....

    .......The study did not define suitable transport options (or capex estimates) to link with existing or
    proposed infrastructure, however IOH management have advised the study presents compelling
    financial and technical synergies for IOH and API (the JV between Aquila and API) to commence
    discussions on the co‐development of a single Bungaroo South deposit, given the likelihood of a
    +500mt deposit available in a single ore body......

    Now, this last point (about Iron Valley) is what I think could potentially be (one day not too far off) a Chinese bid for AGO which took over FRS. Since China via Wah Nam already owns BCK, a AGO takeover would give China a combined port allocation of almost 60MTA.

    .........Management reiterate they are actively engaged in discussions with all regional stakeholders,
    most notably API at their Bungaroo South Project and FMG at Iron Valley. We should also not rule
    out the Iron Valley deposit coming into the mix of a consolidated Brockman Resources (BRM) &
    Ferraus (FRS) via Wah Nam’s takeover bid. Iron Valley is much larger than the FRS deposit and
    ~15kms from BRM’s Marillana project, adding another 15mtpa for 15yrs to support Wah Nam’s
    vision of building the next major Pilbara iron ore producer......
watchlist Created with Sketch. Add IOH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.