Western Desert Resources (WDR) remains on track to commence iron ore production with first shipment scheduled for next month. The Company has just finalised a financing deal with Macquarie and also some hedging over production in the first year. If have look through some of my older posts on WDR you will see the steady progress that has been made in what has largely been a resources unfriendly environment. The share price has not had a great performance over the past few months, however, management continue to progress towards production. Whilst production levels will be relatively small compared to the Pilbara powerhouses BCI Iron has shown how junior miners can still deliver great results. Interested to see how this progresses (VIEW LINK)
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.