new forecast, page-20

Hi Squidd.

If FMG own all their Infrastructure, what is the large Debt they have to pay back for?
I did not speak about BHP, RIO, Hancock or Vale.
While speaking about Vale, they have been struggling with the low Iron Ore Prices.
Vale also have a lot of Debt.

Squidd, you are only talking about supply to China. Does the rest of the World not consume Iron Ore?
Australian Mines would find it hard to supply The US, Europe, Arab States, Russia and most of Africa with shipping cost's from Australia.

Iron Ore exports from Koolan Island, Atlas, GBG and I believe some from The Northern Territory and others will all add up.
African Mines that are in trouble, Not sure of cost of the Swedish Iron Ore Mines, but they all add up.

Regards
Westcott.