The first of Gina's 330 IO carriers, or so a year from PH is on it's way http://www.marinetraffic.com/ais/de...240586000/imo:9295012/vessel:ANANGEL_EXPLORER to the north.
At $US40/t its not a windfall and short payback time for the $10B spent on the Roy Hill Project.
It's mining on a grand scale WA style https://www.royhill.com.au/overview/mine/
BHP and RIO are likely to have a depressed SP for quiet a while as RH adds to the glut.
BHP $19 dollars aussie here we come..., page-206
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