barnett may yet be a saviour, page-5

A few strings to this bow as I see it:

1. Juniors afforded instrasture access as part of a "new deal" for WA as Barnett puts it. This one has already started to gather momentum over the weekend as reported in the various articles on this thread.

2. China will lobby EU and other regulators over the great injustice that so much centralisation of power will have with the pricing of IO. BHPRIO will need to make concessions to get this JV through the regulatory bodies, particularly the EU.

3. China will acquire and develop its own IO assets in Australia (and elsewhere). FMG is the logical choice given that it has rail, etc, but what about a mega deal where FMG is taken, BRM and other alliance members taken as used as feedstock on to the FMG railway and port.

China could pick up FMG (at least a controlling interest) for say $15-20 B and with loose change pick up BRM, BCI and AGO.

This would give synegies to the FMG infrastructure and secure a huge project life amongst all of these companies from their exisitng resources, let alone the huge acreage that is yet to be drilled.

Anyone of these will see BRM much higher than where we are today. Options 1 or 2 will be slower, but ultimately value the company somewhere near where all the long term holders here know it can.

Very interesting developments in deed to come out of this space. Government on side, China displeased, EU regulator in the mix, interesting times ahead.