sharpening the needle/ whens the prick?

you dont have to be a zigmeister rocketscientist or a twigmeister to realise this thing i defying gravity atm

sorry but rio o and bhp arent going to let this fmg thingy happen sorry but theres only one way for this thing to go

bye bye twiggy

THE cost of developing the Hope Downs iron ore project has spiralled to more than $4 billion, making it imperative that Gina Rinehart's company choose a partner as robust as Rio Tinto to develop it.

Speaking at an outcrop of iron ore at Hope North - a rich part of the Hope Downs deposit - Ms Rinehart said yesterday that it would have been impossible for her company, Hancock Prospecting, to develop a mine.

"The cost pressures on the project, including labour, raw materials and currency movements, had pushed the development costs to about $4.5 billion," she said. "The deal with Rio means that we still retain control of three areas in the Pilbara but we have the capability of piggy-backing on Rio's infrastructure.

"The best aspect of the deal is that we maintain control of the remaining deposits in the region."

Ms Rinehart said the only other option had been to hang on to the reserves for the future but that was not a practical outcome.