Good read Major.
China is setting the IO miners up for the biggest sucker punch of the decade, crying poor so IO contract prices will drop.
After they get their 30% to 40% cut on contract prices watch the Chinese pump out the steel left, right and centre. Im tipping The 4 Trillion dollar Chinese stimulus is not going to be used to plant trees....lol
It’s all a game, that’s my take on it any way, "good on them”, I say they have the upper hand this year but it wouldn’t always be the case year to year.
"Mr Jones went a step further, saying "by any standard, the time taken is ridiculous".
"It's an embarrassment to me, an embarrassment to Gindalbie and I believe, an embarrassment to Western Australia and Australia generally that groups trying to do valid business take so long to get an environmental approval," he said."
GJ nailed it on the head nicely Major with that last statement, good on him.
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