Hi Westcott,I agree with you completely. I was saying...

Hi Westcott,

I agree with you completely. I was saying essentially the same things to someone else only this morning. If a Chinese funded railway gets to be established to service a combined BRM/FRS holding, then watch the Chinese take over the remaining juniors, by fair means or foul, in quick succession.

I think BRM and FRS are just pawns in a much larger game which is focused on breaking the BHP/Rio duopoly and while FMG may not be operating in concert with the Chinese directly, that outcome also fits nicely with its own strategic objectives. There's certainly no love lost between FMG and the other two. A decline in the sales volume and the consequent decline in bargainin power of both BHP and Rio would serve Chinese interests and would also enable FMG to move closer to its ultimate aim of No.1 through expanded (replacement) iron ore sales.