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West African Minerals not fazed by iron ore price volatility

Last updated: 09:03 06 Dec 2012 GMT, First published: 10:03 06 Dec 2012 GMT

Executive chairman Brad Mills, hotfoot from accepting the award for best performing AIM stock of 2012, says the volatile price of iron ore does not really worry West African Minerals. "We think there is a fundamental underpin in the price of iron ore at about US$120 a tonne." Mills said the firm's economics "work just fine at US$80 a tonne".

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