resource upgrade, page-14

In today's AFR RIO plan to proceed with 2 brand new IO mines. A US$2.2B project in Brazil and a mind-wopping US$14.0B development in Guinea. Yes, Guinea project does have socio/political threat but if RIO sign off on these deals.... then together with all the projected expansion from VALE, BHP, RIO (in Oz) and FMG.... then world IO production will double between 2006 and 2012/13.
No possible way can China etc absorb this massive projected supply increase.
Emphasises how time is of essence and BRM simply have to solve their logistics issues. Increasing reserves is useless unless they can get the stuff to markets and soon. 20 other Aussie companies have IO deposits awaiting approval.
I hope BRM can indicate to shareholders they are working flat strap re getting production/sales is their priority.