baohm then you have a ready made customer and the funding to get...

baohm then you have a ready made customer and the funding to get ore to market without any need for BHP or RIO.

your earlier question rail or no rail where would IO go? there is plenty of demand out there as evidenced by another big price rise this year and spot prices are even higher than negotiated prices. So if you get the ore to port that won't be a problem finding a customer, or FMG would take it. If no rail then it's because BHP / RIO is taking the ore themselves.

Either outcome is pretty good when you look at what UMC is sitting on already..and potentially.