nice momentum today, page-15

Hi hopefull,

To be honest with you if we have a slight delay in gettin the right partner in our Ridley project, that is a good thing.

Because we have right now once again the perfect environment with high and rising iron ore spot prices, that will make sure we get the best price possible for this deal.

I can see some real good upside with the current high price environment to get the bes possible price for Ridley.

On the other hand , thinking that the current high prices are short lived are probably a bit of overdone.

China has a tremendous growth plan for the future regaring railways and its carriages , bridges , new cities , airports and its planes a bridge from mainland china to Taiwan, huge growth in private car ownership ect, all within the next decade.

they will also keep their status as number one exporter and probably take an evern bigger market share in the future.

This will mean heaps of iron ore consumption, more then we have seen so far.

Australia as a country will ride this wave , not on the sheeps back, but on the resource sector for the next decade.

We will as a nation see a very high level of prosperity imho for the next decade coming from our minerals and from the huge newly tapped gas resources.

Iron ore will be part of this picture and will be one of big earners for years to come.

jojo
C