pellet plant etc

just to re-iterate my earlier comments that crashed..

17-18% iron ore price rise poss.

distinct possibility that a series of april announcements in offing. Likely Luke will want to flag his direction clearly for all to see.

distinct possibility that one option under serious consideration is for the immediate go ahead of a pellet plant as per magnetite proj spec (cap cost less than $100m so very cheap) this would allow MGX to deliver pellets into mills very quickly supplying own ore, or if need be sourcing ore from other suppliers but earning a management fee per tonne etc as previously planned.
This would allow wa construction market to cool somewhat while Asia Iron proceeds with china proj's.

rail wagons already here. Once operation bedded down satifactorily then poss some announcement.

Very likely more than shougang in "war room" with a view to deal. Deal will almost certainly NOT be like others announced (by small iron ore co's) over last 4 weeks.. ie it will be solid and cash backed NOT some form of non commital MOU.
(one poss RIO - attempting to lock in more surrounding projects so as to block chinese and FMG. )

JV with Accent Resources now possible (aside from MGX's intentions wrt RMI).

the insto thats been selling (appears loss of mandate is likely reasoning) may dry up if not already dusted.

all up .. go the oppies.

MHO only.. do your own research. etc