In the short term, that is, 6 months I believe the following is likely to happen
- Feasability Report released
- New Iron ore prices for the 2008/2009 year
- Palmer agrees to a further 1 or 2 B tonnes ( if I was him I would be waiting for new Iron Prices to reflect a greater royalty for himself)
- Shougang Commits to project
Isn't that $3 plus in anybody's language. Dealing with the Chinese you have to be patient and as investors we have to do the same.
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