Nah - FMG has enough DSO to worry about magnetite (remember it sold its magnetite project in the Pilbara)
CITIC is the obvious one. They've spent around $10B to put in place 24Mtpa production and are battling Palmer to keep it! For circa $4B they can get about the same production out of Razorback, and at much lower OPEX too.
GT should be lobbying CITIC, not pursuing 2nd tier traders and mills for unenforceable LOIs.
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