io resource firmed up nearby

A report in the Sydney Morning Herald page 24 that BC Iron have firmed up 47million tonnes at 52-60% IO grade nearby to FMG (and FDL) and the FMG rail line. They have cut a deal with Twiggy.

There's IO in them there hills.

Also reports that Sinsteel was trying to cut a deal with Twiggy pre its Midwest unsolicited bid.

Go the Pilbara...the only place to put your cash and margin up at the moment...