I dont understand the comparison with the Chinese in the iron...

I dont understand the comparison with the Chinese in the iron ore sector. The way I see it, BWN could of gone for a similar deal as GBG. They proved up the resource themselves, the share price went from 10 cents to 80 cents ($2 at one stage), then the Chinese came in with a JV and commitments in the 100's of millions and to underwrite the debt, all on a 50-50 basis. GBG even get 50% of their steel mill!

It might not be the best comparison, but the point is that not many companies offer what BWN does, that is collossal upside if you had done things yourself and done it right. This is the low risk much lower return route.