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Old 10-03-2022, 01:43 PM   #11
T3rminator
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Default Re: Russia v Ukraine
Quote:
Originally Posted by xkxlxm View Post
"But then we will be supporting the other arc of autocracy......."

Exactly. When are we going to stop iron ore exports to the other arc?
Don't think we need to worry about that one for too long. They'll stop buying from us before we stop selling to them. Quite a few mines coming on board fairly soon. Interestingly, I heard somewhere that Ukraine has a very large Iron Ore reserves, something like 5th largest? I thought I heard ABC say they may even be 3rd largest in the "proven" category? Its been a while since I have looked at the resource sector, but I think confidence levels of deposits go from inferred, to indicated, to probable, to proven. But note, deposit / reserves doesn't equate to production, for the moment.
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