Sout Down is not going to happen.
It is already 10 years for sale.
FMG had a look at it and decided for another project.
Current management is not entrepreneurial at all, so they will not get it of the ground.
Largest shareholder Shagang has no reason either to activate the project, they have enough feed from current opperations.
Maybe if the pellet premium goes to $50-$100 for >2 years and IO prices stays at this level for > 2years it might attract some interest.
When the boat comes in???, page-1144
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