Ocka, 3rd and 4th buyers is a very long bow to draw. The sheer magnitude of developing Mt Bevan is huge!! There is going to be MASSIVE capital commitments to develop the infastructure to see this project off the ground. With news of other majors scaling back projects RIO/BHP, the broarder market would be doing the same.
I personally do not expect there to be too many buyers out there wanting to commit to such a massive capex getting the FE out. All Im saying is don't get your hopes up for an all out bidding war!
Australia's largest export commodity is now fetching about $US117 a tonne in China, its lowest return since October.
While many mineral prices - if not all - have dropped from their peaks, the recent swoon in iron ore prices has exceeded the wider trend.
