parties to a jv, page-5

Hi FishingAndBeer,

That's a good point about if ADY decide to go it alone. My view is that the iron ore and the port will be looked at as two separate opportunites.

I hope this makes sense but I think that ADY would only undertake the physical mining alone if they can't find a partner. I think that the port will be a separate jv and they will have no troubles finding a partner for that aspect.

Overall though my view is positive. I'm sure they will find a JV partner for both and that it will come about quicker and more sudden than most think.