Ann: Iron Valley Project Results of Pre-feasibili, page-7

re: Ann: Iron Valley Project Results of Pre-f... SW - the timeline suggests that Anketell port will be pretty much ready to receive IOH ore IF we can get it on a rail line, so the make up of that port will clearly be of great interest to IOH, and the ore is only going to move on a RIO or FMG rail thus more cost...but the delay was always going to happen and the only early mover for the sp for my mind (in the current environment) would be if there were a cash sale or scrip offer for Iron Valley. How much value will the market put on a plan to mine 24-36 months in the future (at best?)?

An alternate view on the small increase in volume of ore that a deal with FMG would deliver is that RIO would be very well positioned to stuff FMG around by simply buying the Satellites and Iron Valley themselves and shipping it earlier than Anketell could via existing rail (with a small spur). However where is this competitive tension to date?
How much does FMG benefit if they get Iron Valley - ore close to surface, leading to the bigger deposit...?
How much could RIO benefit by buying IV and BS for themselves and getting their tonnage up earlier than FMG (or is this going to happen anyway?)?

Loads of permutations, maybe IOH management have a 5 year plan and great patience, I however am pretty keen to see some appreciation in value for the company!