itabirite - 9 to 13 billion tons , page-24

Hi Westcott, I appreciate your points.

I think before too long we will see China's true intention being played out.

I still hold out some hope that there is still the possibility of a non-China outcome.

An India bid for the asset (think Jindal's scouting exercise in Cameroon (Afferro) late 2012, 7 member Indian steel consortium in $10B Afghan IO project looking elsewhere, China-India tussle over Wologisi in Liberia) if partly funded by Japan would be China's worst nightmare.