Facts most large miners cutting staff ,and deferring major expenditure,none are likely to want to help small miners by sharing their rail transport ,China is playing the market ,both africa and Sth america are building larger loading facilities and will use new larger super carrier ships to reduce shipping costs ,chek on google Vale Mining Sth America new wharf system and shipping plans ,,with their cheap labour and no mining tax or carbon tax ,workers comp superannuation etc etc ,Gina Rinehart said it last week how do you compete with $2 a day african labour ,.they will force the iron price down and China and Japan already control the midwest region of west australia and in excess of 12 billion tonnes of better quality iron ore than the pilbara just waiting for the new port and rail that will be 100% Japanese and Chinese owned.Fiction in these cicumstances it is highly unlikely FMS and many more small miners will even start mining in the next 5 years. If you dont have a rail system and port facilities ,you wont get the finance to develop a mine .if Gary gets a JV partner they will be the winners and we will only get the crumbs .
FMS Price at posting:
9.0¢ Sentiment: Hold Disclosure: Held
