now we're thinking. If nothing else, this move will spark much...

now we're thinking.

If nothing else, this move will spark much needed consolidation across the Pilbara unless a 4th rail line is opened.

The ironic thing is that RIO/BHP's refusal to allow others on their rail and effectively control them has given rise to companies that will actually be much bigger competition to them.

Their stance has made consolidation and therefore bigger competition inevitable.

BHP's starting point needs to be $2.77 per tonne as paid in cash to UMC. Remember the IO price is up over 100% since then.