AndyI agree the Vale info can be read both ways. However, given...

Andy

I agree the Vale info can be read both ways. However, given Vale probably need to boost production to reduce costs, to get competitive, etc. I read it as a positive for TN deal. Have to keep in mind also that as AVB own the top of the hill, making mining the Vale section of the lease difficult if not impossible, it is highly likely they will need to come calling at some stage. Obviously we'd all like to see it now and paradoxically if it isn't while AVB can really use the money they may end up getting more for it.

PS Iron ore prices holding up which has to help.

cheers