find yours and get on them; june for iron ore, page-35

IMO PLV and MGX will be the real winners bcos their resource is not landlocked. a BHP-RIO merger will make it unviable for the landlocked IO jnrs to develop infrastructure and mine their resource. remember the two IO giants have massive reserves and existing infrastructure that they will share (the synygies they are talking about that will save 10 billion in costs) lowering their cost base and snuffing out the competition.