Sherlock buffet,
Thanks , took your advice and listened to the presentation at Syd mining club. Dispelled my concerns about the road transport model used in Horison 1 and confirmed the importance of future rail (AZJ etc) to realise the port alloction entitlements.
Yes , quite a good explanation by Ken re the cost of benefication required on the Chinese ores and the cost of future mines.
thakns
FT