An extract today from "the daily reckoning"...some good...

An extract today from "the daily reckoning"...some good commentary about the 100 year iron-ore demand....I am hopeful Gondwana should be mining the Pilbara tenement before then, lol
Corunna downs and comet and wallal downs in the Pilbara
All three 100% Gondwana
pre drilling targets in 2 months?
results from pre drilling by end sept?
advanced exploration and feasibility by year end?
jv or cap raising mid 09?
development late 09
commence mining 2010?
Gives us 98 years to exhaust the resource :-)
I think the first thing head office needs to do is develop a vision and share it with the market.
the extract....

....."--The biggest credit bubble in history takes years to deflate. It was naive to think the market could price it all in a few months. That would have been impossible, if only because we still don't know the full economic effect of falling asset prices and the billions of securities still tied to the value of U.S. homes.

--You can't properly price what you don't know. The best strategy in that case is to stay as far away from financial stocks as humanly possible. Fortunately, there is another thread in the global economy that's more promising, namely the two industrial revolutions going on in China and India.

--Fortescue's Graeme Rowley told investors yesterday there is enough demand growth in iron ore to keep the mines of WA humming like a beehive for the next 100 years. "This is not something that is running out in five or 10 years time: we are talking about an industry in the Pilbara region that will be around, as large as it is now, a hundred years from now."

--For a change, the story is India and not China. "We haven't seen the end of what is happening to China and India hasn't even started yet...India not only needs iron ore for its own growth, it is currently supplying ore onto the world seaborne iron trade. There is no doubt that when India starts its expansion ... that I would expect those overseas sales to be retained in India, which just increases the demand both into China and the rest of Asia."

--Got that? When India ceases to be an exporter-and it's just slapped a 15% export duty on ore exports-the demand for Aussie ore could go even higher.".....