POSCO MOU is something that is of interest considering they were party to the Roy Hill IO financing.
http://www.smh.com.au/business/kore...e-position-for-nt-project-20140525-38wpv.html
POSCO offers $1.4bn collateral for Roy Hill project
http://www.miningaustralia.com.au/news/posco-offers-$1-4bn-collateral-for-roy-hill-projec
US $60.87 Billion in revenue 2011
https://en.wikipedia.org/wiki/POSCO
Cornerstone Investment in a new Iron Ore Mine, New Vanadium producer would make sense for a steel producer with an 'output of 39.1 million tonnes of crude steel in 2011'
JMHO - Please DYOR
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