potential company maker 2 weeks ahead, page-26

Hi Cb25,

yep, thats the exact logic im using. But they have decided to focus on Indian Iron Ore - and with good reason imo.

Lease holders must be Indian based, and the Indian Central Government understand they need companies with expertise in mineral processing to reap any rewards for their country.

The state govt of Karnataka are also cracking down on the black market because of their lack of value for environment and treatment of mine workers.

India want Western methods to extract large mineral deposits, but still want Indian based ownership. Thats why these Joint Ventures between Indian/Australian companies are receiving more and more approvals and will only improve Australian/Indian ties.

The latest Rio entry through their diamond interests have proven this.

Iron Ore is top $$ and India want a bigger slice of the pie.

They're sitting on something big imo.