There is an error in that article"Atlas plans to export 3...

There is an error in that article

"Atlas plans to export 3 million tonnes of ore to Chinese steel mills in 2010, rising to 12 million tonnes by 2012."

That should read 6 mil in 2010. I'm sure that is the figure I've read in previous company statements.

I gather we then look for around 9 mil in 2011. Then onto 12mil in 2012.

Personally I think next year is when we can start surprising in the qtrly reports. To get from 1 or 2mil? (last year) up to 6mil is a big step. But it isn't as tough to then push it up to 9mil. Especially when most of the front end negotiation stuff for transport and capacity have been taken care of. Next year will be full steam ahead for production.

Only hope the I/O price can stay at least around the $90 a tonne so we capitalise.

After 2012 there will be a much bigger supply of I/O getting shoveled onto the market, pushing the price back down. By then I expect DF will already have our fingers in some new tasty pies.... as hinted at in this release.