good time to , page-2

Goarmy, I think that the general consensus is that $6m for 5% was a risky investment but didn't break the bank. $120M for 100% would break the bank and what exactly would we get in return?

I sincerely hope they aren't thinking on these lines as then they will be like my teenage daughter who just has to spend any money that comes her way :-)

I doubt very much if MY would blow the stash on one purchase like that - especially after reassuring us that they are being VERY careful (looking at many possible investments) and clearly stating his priorities:

1) Consolidate BCI
2) Look for local(Pilbara) acquisitions
3) Expand into Brazil

If it was up to ME (yeah right), I wouldn't just ramp up to 6MT, I would double up and try and make as much money as possible in the next 2 years because there are some huge IO mines coming online (Roy) in the next couple of years which will increase supply dramatically.

Unless there is an equal increase in demand, this will probably drive prices down together resulting in much lower profits/dividends....