todays action, page-7

Looks to me like there is more likely to be a run to FMG's cloud break line given that they have already started scoping out the route. Although we shouldn't discount BHP jumping to ensure it's grip on the area.

The report has confirmed in my mind that this will be producing much earlier than I had anticipated given that a trucking option is already considered ahead of any rail option being finalised.

Needs a JORC of 70mt to make it viable and already has 45mt confirmed, I don't think anyone is questioning the ability to make the critical mass.

A brokers conservative valuation at $1.80 is fair enough given that it has a few minor hurdles to overcome but when compared with it's peers currently this has got to run well past that price. Watch this jump with each piece of news.

I'm struggling to find an Iron Ore play with this much potential although I see SRK is also considered a good deal...

I Hold YML but not SRK (yet)