Omegaoil,Thanks, very helpful. I am still tryimg to get my head...

Omegaoil,

Thanks, very helpful. I am still tryimg to get my head around iron ore, should have done it long ago.

*Impurities are obviously a key point on which you feel SRK is OK.
*Strip ratio sounds OK?
*Logistics sound daunting, however perhaps par for the course, eg FMG,SDL, most in the midwest.
* Management. Very important to me. Malcolm Richmond certainly appears to add credibility.

Any thoughts on GWR? Looks to me like it could be a bit light on management currently, plus I am VERY wary of anything heavily dependent on new WA infrastructure atm.

EL