Who knows where the sp will end up. It could disappoint, it...

Who knows where the sp will end up. It could disappoint, it could surprise, but I do know than Hanlong, with China's support and backing, was prepared to pay 45 cents a share at a time when iron ore prices had dipped to around $90 a tonne. They are back up to $130 and there are forecasts, and certainly Sundance is of the same opinion, that there will be a shortfall of iron ore in 2017/18, about the time SDL is due to come online.

The Chinese are not dumb and will always try to get a bargain, but don't underestimate their desire to break the monopolgy of the big four in the iron ore market.

I think they will do what it takes to ensure they get the lion's share of the emerging iron ore frontier in Africa.

Cheers J