Ann: Chairman's letter - Scheme of Arrangement, page-58

They have an allocation to divy up as they see fit.

Ridley is viable as 68%pellets bring in $100+ per tonne.

Heard all about West Africa at least 5years away if at all.

Your talking nonsense.

Package up Ridley and 15mt to 20mt per annum port allocation, they get Chinese bidders coming out of the woodwork, so to speak!

Majors bidding to keep pellets off market on cards too, use port allocation for dso instead.

$300M would not surprise, imo!