what a massive acheivement by FMG today, against all odds they...

what a massive acheivement by FMG today, against all odds they have got their east pilbara iron ore operations up and running.

there is now a massive advantage for iron ore companies based in the east pilbara due to the FMG infrastructure, FMG have already stated they will allow via commercial agreement third party access to their rail/port infrastructure. What this in effect does is unlock previously stranded iron ore deposits in the east pilbara.

first to benefit will be BCI via their Nullagine Deposit, then there will be the obvious benefit to FDL via there JV with FMG.

But the real wildcard will be GDA with significant landholdings in east pilbara, which sit's just north of FMG's Cloudbreak and BCI's Nullagine Deposits.

GDA is expected to release the first set of iron ore results next week (thanks fatstocks), and given their nearolgy to both FMG/BCI any hint of iron ore will send the shareprice racing.

The good thing about the upcoming results is the company stated in its quarterly report that it acquired samples from two iron rich BIF locales, which indicates they have iron ore on their tennements the only unknown is grade/depth.

Given the market's renewed appetite for risk GDA may provide excellent exposure to the hot iron ore sector, and judging by the increase in volume there is certainly news on the way.