Let me take the opportunity to introduce you guys to a new but one of the best iron mining companies ever, The company is named Iron Glen
the great thing about iron glen is location, location, location
the reason is that iron glen is located in townsville only about 5 miles from the rail line to transport to the port and the port is less than 40 miles from site
this keeps the costs very low - higher profit margin
most mining facilities have to truck a long distance to railine and than a long distance to port
most mining facilities have to have camps where the workers live the whole week - the cost are high bc they have to fly them by plane to site, feed them etc
there is no need for large machinery bc iron ore is on the surface
it can be seen from outer space
the iron ore demand is high with China buying everything they can put there hands on.
Check the Company’s website on http://www.ironglen.com/