significance of the directors buying, page-42

newland- if vale pay the next $1m, i think he is saying that indicates they will complete the final payment. Why pay the $1m if you have no intention of going all the way? This sort of ore is also required for blending and they want it. 66% FE up the road goes a lot further with this blended in. It drops the price of production in furnaces. It would be highly unlikely they would walk since AVB could do a deal with an end user and ship the stuff themselves. Vale is not going to drill this, pay AVB millions of dollars and drop it. They are thinking longer term than the stock market headlines.I seem to remember that BHP walked in and took out United minerals because they did not want third parties playing in their back yard. Major mining companies don't need the agro imo. dyor.