Hi Slats & Team,
Read an article on Fin Review about Murchison Metals and the trouble it is having. The blow out in costs is that related to the relative high wage demanded by the locals. I heard that Sino steel is backing out of the Port. I dont want to start any rumour here but the date of construction and final shipment of iron ore at 2014/2015 is the same as SDL. Could it be possible that money are being slowly allocated to more africa (and possibly mongolia) now than our own aussie backyard.
If this is the case, this is quite significant in terms of the shift in australia as a favoured destination for capital investment.
Everyone's opinion is welcome!
superOX
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