two billion tonnes of ore.

May I draw your attention folks to my post on the 12/3/2008. "My chat with Andy". The price as predicted did
go lower than $1.54 which would have meant a wonderful buying opportunity for those who had faith.
I notice in the current announcement there was no mention of ARH's other assets; Sherlock Bay - Nickel, gold and silver; Cat Camp - Nickel; Mt. Salt - Uranium. The spinning off of these assets were mooted late last year. I think Andy is doing the right thing in waiting for the market to dust off the bear and once the bull starts to roar again he will get us all a good deal for the other ARH asssets. With prices still high and expected to go higher on all of the above commodities, medium to long term shareholders may be in for a little treat.
The other point of interest was the fact they are doing there numbers for the bfs based on the additional billion tonnes of ore and getting the world's largest port builder
to discuss details of a deep water port to support these larger tonnages. They would not be going to these lengths if the additional tonnage was not a certainty.
One thing that I was hoping someone might be able to clarify for me is the fact that Andy spoke of the 86.67% increase in the price of iron ore pellets, (being part of the companies product mix). I assumed, wrongly it seems, that once the decision is made to establish the pellet plant in Ri Zhao in Shandong Province in China that Shougang would reap the rewards/profits from the output of this product. But after reading the announcement it seems eventhough the plant is in China that ARH and it's shareholders will still profit from the manufacture of the pellets.
Cheers,
Stumpy.