takeover bid or announcement of upgrade, page-10

That's not entirely true Ota. If these people wanted to Develop the project, they would have started it by now. IMO, they will build up this monster and then sell it off to the highest bidder, and that could happen a lot sooner than digging ore out and shipping it.

It' quite clear that the state governemnt is mis-handling the whole thing with costly delays in awarding the infrastructure deal. Wayne swan also has his hand in the pie because he doen't know how much of Australia to sell to China. It's policy on the fly.