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Re: POG Stream Log
14:03 25/03/2015
LuxInvest
0 replies 0 0

is at the low end of the cost curve, as it is stated that the K&S mine is able to produce and deliver iron ore for 54USD per tonne to the Chinese border! My bet is that the Chinese (GN and Minmetals) waited how the refinancing of POG would work, guess they will now complete the share subscription as they already invested 170m US in IRC for 80%, so final payment should not be a problem! Hopefully IRC results will not be consolidated in 2015 POG results!

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