iron ore train leaving the station, page-9

The costs of freight from Adelaide will be slightly more than from W.A when exporting to China. So it is good to note that they did a deal with a steel mill that is south of China which should offset some of the freight costs, compared with companies north of China.

Also I have said in the past that there are a lot of mid size companies in China that will not get a look in with BHP and RIO, as they don't buy enough ore per year.

These companies like LISCO need to source smaller iron ore producers like IFE. The better quality ore with low impurities is very much sought after and that is why IFE manangement have every week dealers and companies knocking on their door.

Sales even in a small downturn will not be a problem for IFE. 2mtpa is not a lot to sell.