big opening, page-30

Sarc,

i think the one of the best things about arh (if/when the deal goes through) is that citic are funding the majority of the costs in infrastructure which is one of the main hurdles in producing ore and if you look at citic they are a behometh with oodles of cash. arh will have to compensate them of course.

no railway needed which will keep costs down. palmer will own a large stake some say (60-70%) always good as he has a vested interest to see success.

north block is still up for grabs and south block could possibley have more than 1btn of some very high grades.

looked a few articles on india and china and i dont think selling or demand of the ore is an issue in at least the next 5-10 years only the structure of the deal and price per ton sold compared to production costs.

just speculating though.