frack--they have been in the drivers seat all along,why are the majors ramping up production with economy of scale and lower % profit margin to capture market share
squeezing out the smaller would be or existing players,its almost a foregone conclusion that collaboration is the only suitable course for startups wether jv,merge ,t/o would seem a far less likely option.
it wont surprise me if the o/s interests fund a transport link ,with a strong possibility the $aus will drop and a high relative return on the capital employed buoyed significantly by lower sea freight costs the actual comparative cost of i/o from the pilbara particularly with higher grade i/o would represent a significantly lower offset and total cost over a 5-10 year period.
china and asia are the manufacturing hub of the world
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