there wil be blood, page-22

Hi (Chubbito)

I think you will find most of the companies that have good grades with reasonable tons of iron ore.
Companies with reasonable grades and large amount of tonnes,who are within a reasonable distance from rail will be held back from signing off take and finance partners until,BHP and RIO come to an agreement on their future and FMG announce their future plans for the money they recently raised.
In the mean time they will get on with finishing their feasibility and bankable feasibility studies waiting for the majors to sort themselves out.