Ann: Market Update , page-2

Well at least something is happening. I wonder if this ann is being released now to combat the news about India putting tarifs (or duty or something) on export steel?

Interesting to note that they (NSL management) are playing down the expiration of the HOA and telling us that there are many irons in the fire. I hope that's true....surely an Indian purchaser of the iron ore is the best way to fly? If the Indian's need is so great that they need to gimp the export of iron ore then there should be a local buyer lurking somewhere?!

And they've chosen a contractor to whack in the beneficiation plant. Well Hip-hooray! I've been biting my nails waiting for some news on this bugger.