http://www.brr.com.au/asx/EQX/equatorial-resources-limited/Length...

http://www.brr.com.au/asx/EQX/equatorial-resources-limited/

Lengthy, but well worth a listen.

All three MD's (from SDL, EQX and LEG) all agree that developing quality new West African projects is faster, easier and cheaper than those in Australia. A sad reflection on the Austalian industry but a terrific opportunity for investors.

Rio sees decades of growth in the iron ore industry....BHP expects more iron ore to be consumed by China in the next 20 years than the world has produced in the last 100....China is building another US in the next 15 years.

Then there's India to follow. The countries will no doubt be looking outside the big 3 to guarantee their own supplies with prices at record levels.