This is not the end of the story I'm sure. It is hardly the end of the beginning. Pallinghurst Resources are set to list in London on the main market. Gilbertson needs cash to pay down debts first.
Tshipi may yet float on JSE once all the discussions are completed on the new mining regulations in South Africa. It may well happen in 2019.
Jupiter are still considering the position of Mount Ida and Mount Mason with the port at Esperance ready to take their iron ore. Mount Mason with high grades up to 67%Fe is near ready. Mount Ida isn't profitable at present prices for benificated lower grade iron ore.
Director Andrew Bell, also director of Red Rock Resources PLC, has iron ore royalties over all production at Mount Ida. The company has shares in Jupiter and a 22% interest in Steelmin a ferro-silicon and silicon metal producer in Bosnia Herzegovina as well as Cobalt and gold interests. The company is well cashed up and with a very low market cap and may interest Jupiter Mines or Pallinghurst Resources. Website:
Http://www.steelmin.com
