estimates, page-36

In the past we've always focussed on how much FMG's reserves are. Here's some more facts on RIO's Hamersley reserves.

1) RIO's Total Reserves (ie Proved & Probable for 57-63% Fe) in the Hamersley are about 1653.9MT. This includes mines where it has 100% stake with 1553.9 MT and two others i.e., Chanar (60%) & Eastern Ranges (54%) with 100MT resource.
2) They have a 50% stake in Hope Downs with 172MT reserves
3) And 53% stake in Robe River with 350 MT
4) Total Oz Reserves are 2176 MT with the balance 544 MT coming from Brazil & Canada.
5) Total Oz production was 108 MT out of 153.4 MT

Chinalco's bid: 15% of Hamersley for US$ 5150m. This equates to 233 MT of 1553.9 MT reserves where RIO has 100% ownership.

IMO, if FMS can prove a 1bln+ resource with ongoing drilling, in time they could b well taken care of by these two neighbours IMO.

Which means big Kev could either b doing a jig with RIO or FMG in time, now that would b nice.

Just my thoughts.