From the latest Barry Fitzgerald article -...

From the latest Barry Fitzgerald article - http://www.smh.com.au/business/feather-duster-resets-stocks-to-watch-20110629-1gpqt.html

IRON ORE:

Gindalbie (GBG), developer of the Karara iron ore project in WA's mid-west in a joint venture with China's Ansteel was the pick last time when it was $1.325 a share. It is now 85.5 cents a share. Cost over-runs and long-term concerns about infrastructure developments by others in the mid-west have not helped.

Out it goes to be replaced by the fast-moving Atlas Iron (AGO); already a fancy priced $3.37 a share. But its hold on more than 30 million tonnes of port capacity in the Pilbara which means that when people talk about the big WA producers in years to come, it will go Rio Tinto, BHP Billiton, Fortescue and Atlas.