It's a waiting game, page-74

If AGO transport by rail, if being the operative word. People have been talking of rail for years but there is no rail. If rail goes in who pays for it? If low grade iron one was worth much more, if, if. At present iron one is not making money. If MIN bought AGO and installed BOS rail. If they find gold. If AGO had a guarantee of $15 a tonne profit for iron one they would be worth more but they don't. I don't predict iron one future price but it could be the same, lower or higher. At present AGO make no money on iron.
Yes someone with deep pockets may change that but they are not going to bid multiples and then invest many millions just to make a marginal profit.
Let's hope for a higher offer but remain reasonable.