Vale baled out of Simandou, page-4

Hi Westcott

I agree, I think that's what GC been saying that current IO price is not relevant to our project. May be he should continue that push and use Gina Whatever's project as an example. IO price was a lot higher when she started building Roy Hill, look at the IO price now. Did her bankers/investors/financiers see the IO price will drop to this level then? IO price always goes up and down. It is the mine life that matters, it's a long term investment, not a 2/3 years investment. Do we have to tell GC how to sell our project? I am sure Wal King is a much better salesman. I hope SDL staff are reading our posts.

Cheers.

Pikapika