mine gate sales unlikely at any stage, page-9

Hi(Mozart56)

I think it will depend on peoples outlook on what they believe will happen in the next few months.

If you read the FMG report.Twiggy said China's industrial development is just beginning which has significant implications for further iron ore seaborne trade growth and increased infrastructure spending will further translate into more iron ore demand.
Twiggy said Japan and Korea provide a clear road map to China's potential.
China early in its growth cycle.

I think a lot of people will think that with BHP not going ahead with RIO take over.BHP will look to out do RIO with iron ore exports.
We could find BHP and RIO trying to J/V - make arrangements for ore transport or take over the better iron ore companies.

The RGP5 investment of $4.8 billion for 85% of the project is to increase capacity by 50 million tonnes.
If BHP took ore from BRM - AGO - FRS AND UMC,with help from BHP to get these tenements up and running as soon as possible,this would give them around another 80 million or more tonnes per year.

Regards
Westcott.