Dryblower watches magnetite boom on ASX, but wonders how long it will last

NO ONE likes to start a new year with a speeding ticket, but Dryblower suspects there were whoops of delight in the magnetite iron ore sector last week when Grange Resources copped a “please explain” from stock exchange officials and Gindalbie Metals came close to a similar inquiry.

The two companies are the public face of what has been a deeply troubled Australian adventure in processing low-grade iron ore, with neither having much to celebrate – until investors lit a fire under