Where to from here, page-3

I think BHP is commited to Jansen but LD is now of the size that they would seriously be interested in at least holding the asset. Rio and FMG as well. K + S will definitely be interested as production from LD would give them growth into Asia as well as potentially replacing some of their higher cost Mannheim production. Plenty more on the list I would suspect.

Some additional positives from the report besides the lift in tonnes...1. the average grade has increased significantly most likely due to the higher porosity cut off and 2. the higher cutoff means the resource is now averaging only 63m in depth. both of these factors will further reduce opex and capex.

not sure who was selling yesterday but i think Oz is right in that they were taking the bid all day so obviously need the funds elsewhere and taking this opportunty to liquidate. their holdings are limited though so we should see pressure to the upside from here imo.