Legume,MMX paint the most positive picture they can. They hid...

Legume,

MMX paint the most positive picture they can. They hid the blowout of OP&R until they were forced to.

They hid the blowout of Jack Hills, and I was mightily angry about that one. Now the deferred payment looks minimal to me.

They paint a picture of $5.45/t for the ongoing costs of OP&R.

However they hide the tariffs and the prices they are proposing for the customers?? See through this, from my previous calculations it has to be $31+/t, way above the industry standard. Why is SMC shutting down?

7% government royalties are going to cost $10+/t, other royalties on top of this I believe

Then you are looking at the repayment and interest on 3.7billion. Add it all up, it's not all that attractive.

Look at BHP, they invested to speed up the iron ore delivery in the now, they are invested in potash with the big bucks for the future, something that will be in demand in 2015