Mike, also have a look at Aquila's website - http://www.aquilaresources.com.au/go/projects/west-pilbara-iron-ore
If you take a close look at the map on their site (double click on it to enlarge), you can see what SW is talking about - our Buckland Hills tenement is literally surrounded by Aquila. Now check out our famous 'saw tooth boundary' of the south west extremity of the tenement and also look at the IOH website for a detailed map of the Buckland South project. Aquila own the 'gap' between our NW and SW deposits and Orewealth's earlier comments are extremely valid - a single owner of Aquila/Baosteel in partnership with aurizon (rail developer) suddenly makes our proposed BS mine (+ aqa ore body in between) look like a very desirable asset to develop.
The more i research the more i believe this aqa/baosteel deal could be a game changer for the development of BS. I don't believe KS would sell out, but a nicely weighted (in our favour of course...;)) jv would be wonderful. Think about it - what would a JV with Aquila utilising rail do to our earnings for BS.......????????
Prospects (and options for BS) just keep getting better imo......
Cheers, Mac
Please dyor.
IOH Price at posting:
93.5¢ Sentiment: Buy Disclosure: Held
