Interesting comment in the AFR today 4/2/08 in "Street Talk" page 20 about Aquila being a good Iron Ore play with its...
"...50% joint venture with the privately owned American Metals and Coal Industries (AMCI). The partners are targetting a 30 million tonne a year operation out of the west Pilbara bear where Fortescue Metals Group recently uncovered a new 1.7 bilion tonne resource"
FMG news today is the Chinese taking a big slab 15-16% from a US foundation shareholder.
Other more advanced iron ore plays (who I see FDL to be rated against soon, if not now... IMO)taking off today as well... Gindalbie (GBG) up 15% and Sundance (SDL) up 11% at the moment.
I'm topping up in a surprisingly sluggish day price waise for FDL....
BHP also announced today it is upgrading its rail system in the Pilbara..and is looking at expanding its port.
Patience is a virtue....
The Druid
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FDL
flinders diamonds limited
potential predators for fdl
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