tty vs mgx, page-5

Mikkey- none but MMX & MGX - from the Mid West region- will produce trading income from ~now till ~2012-& peanuts at that when transportation costs are factored in. By the time any Mid West Iron ore Coys get railway transport to port , coys such as TTY will have had 4-5 years of significant trading at premium contract & spot prices. Iron ore mining is dictated by economies of scale & transport -& this ways extremely against Mid West coys-not only cost economics but also time ....before they get into volume production & cash positive. As time & events/developments move forwardly coys such as TTY will distinguish their advatage from a cash positive position and provide the platform for further growth & /or aquisitions.