Indian domestic iron ore demand, page-6

Hi Rob

They do mention they are looking for a suitable JV partner and I hope they get one.

I would like to see a JV established solely for AP14 leaving the other operating mines 100% controlled and owned by NSL.

A JV would send the sp forward and combine that with long term sales agreements from our operating mines we should have an SP that would be more favourable for reasonably large CR and push towards the 400,000 tpa and palletisation.

What ever happens I have a gut feeling it wont be long before we find out.