Rio, Hancock and Wright have sat on their hands regarding Rhodes Ridge for years, so yes they they should continue to sit on their hands and allow those who want to exploit the asset (CAZ and FMG) get on with doing business.
With Forrest at the helm, perhaps we'll get the necessary Iron Ore enquiry and rid the state of its secret iron ore policy once and for all, allowing an even playing field for all.
Rio's media release today clearly revealed that Rhodes Ridge was not on the agenda for development. Some time after 2013 (give me a break).
CAZ Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
