iron ore news .. flinders next, page-12

andy
Based on other companies experiences and how long FMG have taken to get up and running, which was fast, and they built their own rail network !!
I think it is a 2 to 3 year hold to maximise an investment IMHO.

I also found this today on the BRM thread, interesting about the pricing after 2010, who knows where it will go but good to keep in mind !!



0425 GMT [Dow Jones] Brockman Resources (BRM.AU) announces major upgrade to resource
estimate at Marillana iron ore project, up to 1.1 billion tons of haematite, far exceeds
previously announced target of at least 100 million tons. Share price more than doubles
to A$2.77, up 144%. Iron ore prices to rise again in 2009-10 contract period, Goldman
Sachs JBWere expects 20% price rise, but from 2010 price to taper off given substantial
new supply coming on stream. Global steel demand growing at about 5% annually, analysts
say. Brockman says Marillana will be world-class project, capable of producing direct
shippable ore with iron content of 59%. MD Wayne Richards says encouraging initial
results from scoping study for the project, nearing completion with results expected
shortly. "We are progressing discussion with third party infrastructure owners as
well as with the Port Hedland Port Authority with regard to ore transport, unloading and
shipping options," says Richards



Of course it all depends if they take it to production stage, I hope they do as I will keep a couple in the draw for later reference !!
I am only new to this myself but I find research interesting and to be on top of the latest info puts me more in control of my money, I hope !! IMHO


Cheers

D


DYOR