Grange's Iron ore pellets at A$427/tonne, page-76

any tangible activity outline in this slide is exclusively existing operation centric ... only exception is 'review' of Southdown. I would argue that these are not much more than business as usual and doubt that any 'abnormal' capital investment in a more dour IO market outlook would quickly outweigh resultant production benefits...

@Whisky ... This slide does not suggest that they intend to or even purports to suggest they have the capability to go beyond the current area of focus ... My view is that anything beyond the borders of Tasmania is outside their scope. Anything that lessens or 'risks' their capacity to supply Shagang is beyond scope

On this basis then I suggest that so long as they have confidence in enough resources ex Tasmania to quell the thirst of Shagang for say 10 ~ 15 years ( a sensible Chinese forward window ), then they should monetise Southdown and stop the charade of looking for a partner with view to develop it ...

Currently they have no intention of developing it and only a slight interest in letting somebody else develop it...

but what a time to sell it???

sell it now, seize the premium , maintain a royalty and stay focused on Tasmania ...