Actually, from the latest info I have, on Simandou (courtesy of David Llewellyn-Smith on macrobusiness.com.au), that particular fully-funded 'Pilbara Killer' is going to ramp up to 120MTPA in the next few years and run straight into a slump in demand on the Chinese side, suppressing the price and reducing the appetite of Chinese state-owned enterprise to invest in the offtake of any additional IO over-and-above that to come from Simandou.
We may have missed the boat already.
ANS Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
