We all know that the Iron Bridge project has had some overruns but I firmly believe FMG will get it up and going on schedule. I would not like to see them start on this new venture until after they have Iron Bridge up and running and are absolute full bottles on the difficulties with Magnetite project development. As this is only an MOU and no firm funding has been agreed on it I'm happy for them to have a look, assess, and then act in the Shareholders best interests. I trust FMG to do the right thing.
Ann: Fortescue and Sinosteel Memorandum of Understanding, page-39
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