Ann: Quarterly Activities Report, page-94

Aries,

Your IO comparison is not only irrelevant but misinformed.

Another irrelevant fact to Lom is that IO miners are pushing the prices down on purpose because they can break even at 20 dollars less that such companies as fortescue or Russian suppliers. This i long term strategy to dominate the market same strategy as big banks and such.

Google it Aries.

This information while irrelevant to Lom just like your comparison has been available for a long time.
Even government has been been involved in order to save jobs pressuring big miners to stop the expansions - the demand for iron ore is still great.

I have access to industry reports as they come our due to business development / searching for potential leads and clients that maybe 5 years from starting a development.


Another point Aries.

You make fun of the idea of removing the overburden via use of scraper.
While this have been the standard way of doing it for many many many years.
First link i copied from google regarding overburden removal.

I have not even read the content because i am so confident that it will recommencement to use scrapers.

http://www.alcoa.com/australia/en/info_page/mining_topsoil.asp

Once again Aries you are incorrect.