eio vs other west african miners, page-11

Thanks nhat180,

The article is along simlar lines to one last week or the week before, where it was essentially predicting sharp declines in the price of iron ore by around 2015.

The Pilbara has the advantage of high quality ore and both RIO & BHP are placing themselves in the position of being able to get the stuff from mine to market at rates that others can't rival (volumes) which will I predict enable them to remain more than viable in the longer term. The overall profit margin will take a hit however it will remain profitable.

I tend to agree with the dr on the dilution effect of the Chinese buying up mines in the region and there is also the ever looming issue of sovereign risk in West Africa too. High risk, high reward I guess.

If EIO's Fe grades prove to be as high as claimed well their in the box seat I believe, make hay while the sun shines?

IMO taking a short term view which many now do as a direct result of not only the GFC but other unfolding world events, the current MC is fairly generous as well all things considered.

Just my thoughts on what at this stage looks like a belter of a project ;)

WC8