what the hell is going on with io yesterday..., page-13

chucker, there is no doubt the iron ore sector is ripe for consolidation, you just have to look at a company like Red Rock Resources in the UK, they are trying to create a yilgarn alliance between themselves MDX/JMS and possibly IRM.

also a week ago we had representatives from Bhushan Steel (India's 3rd largest Steelmaker) in Australia scouting for iron ore/coal investments.

with FMG likely to create a 3rd party access point for their railway, plenty of the previously stranded deposits in the pilbara all of a sudden have excellent fundamentals and are likely to be developed/merged.

all of a sudden we look like a second wave of cash is about to hit the iron ore sector with companies from the top all the way down to the spec plays likely to benefit.

For me the best two lesser known plays in the pilbara would have to be GDA/ROY, with exploration either underway or awaiting results both could move quickly higher on positive news.