oakajee port in doubt after sinosteel pull out, page-2

Not really an opportunity for us to sell ore anyway. 800km vrs about 350km is a HELL of a difference. KS may be able to raise debt but if the options are getting mired in a project that has been on the cards for 30 years or raising debt to jump into partnership with AQA and a push north to the coast then I know where I think he should go - as far away from OPR as possible. Especially if the 2015 target is the same for both.
The opportunity for IOH is that other aspiring juniors may be delayed by a few more years over all this and we keep steam rolling ahead (well someone has to turn the ignition key but you get the picture).
BTW the 1.22 price on Friday is almost EXACTLY 2.618 times less than the recent valuation target for IOH (as per their web site). 1.22x2.618=3.19. That is a Fibonacci ratio of last divided by 3rd last number in the series. Anyone still think BOTs are not conducting most of the trades?