ioh in box seat with our dso product

From the MMX letter to shareholders today:

"The wave of industrialisation and increasing urbanisation
sweeping across China and now spreading to other developing nations of the world will not suddenly abate in the coming years. The demand for steel, and thus a secure reliable supply of good quality iron ore will continue into the future."

With OPR stuck in the mud and now blocking supply from some very big mid-west projects, it will take a minimum four years (2015) at best before we see any new supply out of the Mid-West.

Our position of attempting to sell the satellites right now is ideal in this environment and no doubt will alert everyone to our other three pillars.

IMHO there will be significant developments before the end of 2011 for IOH.