Excellent forum guys. In the early days I always thought fmg or rio were the natural owners of this deposit but then along came the 27c offer which was premised on using fmg rail....but no cigar ! Fast forward and we now have this crazy balla balla project replaced by Todd making a $10m bet on the future of iron ore. If I was a betting man I would be looking at a mineral resources (min) as they have the expertise, the balance sheet, the equipment, some port capacity and some good relationships with the majors. Bci/stokes would be my 2nd bet but I am thinking stokes is losing too much on oil and gas at the moment. For what its worth I would be happy to simply sit on this deposit for the next 5 - 10 years if needed.
Alternative to current Todd offer, page-96
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