Ann: 450 Million Tonne JORC-Compliant Resources P, page-4

re: Ann: 450 Million Tonne JORC-Compliant Res... selling yesterday was a good idea...

reality is that there is so much 50%+ Fe grade iron ore in WA and India and Brazil that will need to be mined before 30% Fe even seriously gets looked at...

If you were Chinese buyer, why buy or participate in 30% Fe when so much 50% ++ Fe is available. The deals that will get done are deals like China Rail investing in Ferraus which has 50%+ Fe, talk of Chinese buying into a 30% Fe project are misleading, and investors who know anything about the iron ore market and its dynamics realise this...

Sorry cruel to be kind on this one...