fosters broker valuation, page-2

Hi (Mozart56)

What has to be looked at with doing deals/signing off take agreements,J/V and financial backing for Marillana.
We have to remember there are a lot of other tenements in the mix.
I would imagine Wayne and Co would be looking at the long term picture for Brockman which would include all the other tenements before signing off on a deal for Marillana.

It would be better to have the same people involved in all projects,even if it is four different companies putting money in and buying the iron ore.

They are still acquiring new tenements, mostly in hubs around the Pilbara.
They have or are trying to get a lot of tenements around the West Pilbara area Red Hill,Duck Creek West Hamersley, Paraburdoo, Newman area and starting to target the area closer to Port Headland Goldsworthy,Coongan and Lalla Rookh. Mt Florance seems to be the only one on its own.

Wayne I would say has a plan he is putting together.

Aquila's rail line will end up in the middle of all the tenements around Duck Creek and FMG's rail line will eventually come across close to Mt Stuart and West Hamersley area.

If Hancock join up with the Chinese and go ahead with their rail line it would really put the cat amongst the pigeons.

Regards
Westcott.