summary, page-3

Good summary renes. For those who want to be out, be patience. If three month time could bring you 100% gain or so from the current price then it's worth to wait. It look like JMS, who is the largest value company in this Central Yilgarn play, will fast track the production from their assests. They have the Korean steel production behind. HAW and LCY have the Chinese steel mill associate behind. The strategy for steel mills these days are clear: a share of iron ore miners to first secure supply, second good investment especially from exploration phase. Being on the queue in the market for the ores and being bullied by the major BHP, RIO, VALE is the scared thing for them and the GFC was an opportunity for the emerging economy wealthy steel mills with cash to change this slowly. I have not been in HAW for that long as some of you here to see the history of HAW but looking ahead it's worth a wait.