Arh is just petty cash to Dr Palmer. This new company to be listed will have another few billion tons of iron ore thrown in, he is looking at doing a Fortescue. This will just be another iron ore play to compete with. By the time all these iron ore projects come on line, the price will plumment to US$50/ton again. Only the current producers are going to make the big bucks. The cost blow outs for the construction will be like BHP's Olympic Dam http://business.theage.com.au/bhp-feels-the-squeeze-at-olympic-dam-20080529-2jff.html
ARH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held