Hi red dragon,Talking hypotheticals here what if SDL and Core...

Hi red dragon,

Talking hypotheticals here what if SDL and Core Mining (which coincidently is financially backed by Glenncore/Xstrata) did a JV for the shared rail and port aspect of both projects? Spread the risk between a few entities.

Brings the SDL capex down significantly .

Subsequently SDL is no longer a $6 bn cap ex project and too BIG for anyone else except for China, who, correct me if I'm wrong have failed time and time again at the job of building iron ore projects.o

If you think the party who takes over SDL are going to build rail and port on their own and hold 100% of it, you have to be kidding.

I just hope this whole deal isn't being played out to dump SDL shareholders so the assets can be wrapped up into another entity which will do a JV on rail and port and become very very profitable mining venture.