Hi Roger. I think there will be plenty of options in Australia. I believe that the demand will outstrip
supply but within about 4 to 5 years that the production will have been ramped up that much that
by then the supply demand equation may actually start turning. Any commodities price that reaches
extreme levels soon encourages increased production. This may happen sooner than a
lot of people think but it does look as if the demand should keep rising for the foreseeable future.
As I said I think there is plenty of the resource available within Australia and it is just a matter of finding
the best available options that are available in the short term to get into production as soon as possible.
I am confident that Trigg Hill will be the first option and will be very surprised if it doesnt go ahead.
I think that they will be looking at other options as well to increase production to take advantage of the
current projected demand. There is a long lag time between exploration and getting a mine in production
which means that it could be 3 years before we are in production and no doubt there will be a lot of others
that will be starting production at about the same time. CXO have their operation near Darwin which should be
shipping their first production about this time next year and they should really be able to take advantage of
the shortage. Their timing is near perfect. IMHO DYOR GLTAH.
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