dumb move, page-10

it is true that yilgarn alliance could be the provider particuarly with the state agreement and running south closer to the other producers.

It is clear though that someone will provide the infrastructure even if not mmx/mitsub. The southern route devalues mmx as compared to the northern route
but still better than nothing. The current run is really reflecting MMX/mitsubi doing the infrastructure and this is far from a foregone conclusion .If the yilgarn does it which many think is more likely then I think there will be plenty clumped in the dump. If you bought at 50 cents hard to lose but buying up here could be in for a beating, FMG halved quite a few times on the way up but always came good later. I expect the shouting match to start in earnest soon and maybe a few court filings to start popping up.

I wonder what the difference in value is on the southern route, does anybody know. MMX said it was a big difference in their 20 december 2006 announcement but the analysts never really dealt with the southern route-does anyone know?