latest brr update, page-37

hi Westcott,

Look i hope you're right about Japan. If he can pull a rabbit out of the hat with a Japanese trading house or mill and part financing the project and rail or access I will be the first to rejoice. I believe WR is a great talker one on one or small groups - par excellence. However, my instinct tells me that he is too reliant on getting rail access to either BHP or FMG - neither easy or cheap options. And not enough time in being in China where the iron ore growth is coming from. Why i reckon he should be up there every 1 week a month IF he hasn't got a deal cooking.

Btw, i am in at an ave of 2.65. (And while i am a l/t guy, i don't see any progression on infrastructure or on offtakes or mills that concerns me). And have alot of clients in at higher prices based on bullishness after speaking to him and from presentations. I did read the posts from Melb. Very informative and well written. But it's alot to rely on - a big smile.

If anyone has comments on rail or mills that is new, would love to hear it from you guys.