*dj fitch street interview: australian iron or, page-8

i suppose the point here for EIO holders is that to add value it will have to come from down stream i.e

have the ability to attract an end user,

so as 29 has mentioned that's the game your playing

"I also find the Chinese government's 12th Five-Year Plan
(2011 to 2015) very pertinent, especially where it aims for 40% of China's imported iron ore to be sourced from mines owned or invested by Chinese firms by the end of 2015 (outside of the giants - BHP, Rio, Xstrata, FMG, etc)."


as the article suggests and i have stated the momentum is gone in the IO space. You will see it return
when the spot gets smashed from time to time and perhaps
in the second half of this year when China knows what games
it's playing.

so the easy trade where increase of resource size will increase the share price, i think you might be in trouble

but mention of end user different story..

there is a place for all even magnetite has a spot as it is usefull and reqd, but your target customers are a smaller percentage as is the need for blend ore..

I hope i have explained this well..