Interesting article in AFR (page 10)on Thursday - quote by Bree director - Quentin Grafton
- While the nominal value of minerial exports is projected to increase by 15% from 2011-12 to 2017-18, the real value of mineral exports in Australia dollars is expected to peak in 2014-15 at about $123 billion.
LNG exports earnings are projected to increase from $12 billion in 2011-12 to about $61 bilion in 2017-18,to be Australia's second highest export earner after iron ore.
The LNG [story]is about unbelieveable growth, Professor Grafton said. I have never seen anything like it, quite frankly with [a] 330 per cent volume increase.... over that five-year period. end
Seems to me our Asutralian interests will sit very nicely with the flagship project.Could i suggest astute positioning to our benifit.
Scobie
QFY Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
