central hub assets potentially up for sale, page-8

Thank the almighty we are finally starting to see proactive steps towards something costructive other than drilling at IOH. It's been a long wait.

It's a very positive move by management.

Having said that, I wouldn't be optimistic of receiving offers on all eight Satellite deposits, especially in the current environment and given the locations of tese deposits (or at least most of them) will make them best suited to only one or two buyers. Of course we are talking RIO & BHP primarily, and we know how that will go down.

We really need a sniff from a competitor to put a rocket up them, BRM to the North could be a smoky but with their current corporate predicament I can't see them getting involved right now.

I reckon the best we could hope for would be to sell 1-2 of the Satellites to yield maybe $20-$25 million. Anything more than this would be fantastic and anything less would be a little deflating.