With a longer term view and obviously with exception to the...

With a longer term view and obviously with exception to the short term havoc of job losses etc, we shouldn't be scared to see projects failing - It makes the industry more competitive - lowers the cost base that the miners continue to complain about and who knows might even create a healthy bout of consolidation that delivers the ultimate outcome.

For example - Capital is scarce, why would Hancock build its own rail when its a short spur from FMG?

When prices are high its all about EGO! This clean out is good (apart from those job losses etc) and will create a better environment for all Pilbara players.