Business Update: Jupiter Mines
If Iron ore prices stay elevated, we will be in for a ride with the spinoff
Since our first post on Jupiter Mine, we had continue to up our stake slowly. There is two major factors in play here. The elevated iron ore prices should point to a good spinoff result and the improved operation at Tshipi mine should bring a normalisation of profit which could indicate a revival in the dividends.
The spinoff of the new company…