eureka report recommends a sell for gbg, page-18

How long will it take for Rio to triple output? Increasing production to 600MT will take a massive amount of resources and time - its not just a matter of scaling up what they have either, otherwise this would have started when the iron ore boom took off a few years back.

The other thing to remember is the timing, its all about their BHP takeover defense. It may take ten years for this to evolve, if at all. In the meantime, China and India will continue to grow.

Magnetite will become important just like nickel laterites are important now.