danmccaw,
I'm sure I have read that MIN has been looking at separating their mining operations and then (maybe) selling it off.
An entity like that (including IOH) could be a nice operation.
It would be an interesting valuation 18 months down the track if we have 4Mtpa from IV and bucklands starting up. Surly KS would wait 2-3 years more when IV could be producing 4-6Mtpa and BS 8Mtpa. A 14Mtpa operation, 4-5 bagger, perhaps?