my lessons learned, page-2

if they had transport you could accumulate no problem, otherwise they were always at the mercy of whoever had transport, problem is the people who have the transport also have heaps of iron ore of their own, regardless of quality issues, the customer was going to take whatever bhp/rio would provide, having said that, it could be argued that umc played a good hand to get to a $200m takeout, what was the alternative? is this a damning indictment for all small land locked iron ore juniors? perhaps it is,