Interesting comment in The Australian - "IN all the excitement...

Interesting comment in The Australian -
"IN all the excitement about Fortescue Metals Group this week, one point seemed to escape everyone's attention. Sure, Andrew Forrest made a big deal of signing an offtake agreement with Tangshan Iron & Steel, just as he did in March over a deal with Baosteel.

But -- and this is important -- the Chinese are not putting up any cash. They can sign offtake agreements until they are blue in the face, but they don't have to sign a cheque until the first ore is delivered.

The big money for FMG -- which has still to actually dig any iron ore out of the ground -- has all come from Europe and North America. The Chinese are not sharing any of the risk. Clever them. And this contrasts with the substantial investments made in other Australian metals projects by the likes of Citic, Sinosteel and Jinchuan Group."

Now, at ARH......