agm, page-10

Haha D83,
At the AGM the fellows were gushing about how quick the whole thing is proceeding.If they had to build railways or ports etc it would take much longer, obviously the key to BV is the fact that infrastructure is conveniently available. It was mentioned at the meeting that shipping to China was economically possible, but to rail to the East Coast of USA what not be profitable.
I was a bit disappointed how long it will take to start shipping ore but realistically if they do start shipping ore by the end of 2012 I recond they will be the first of the doolgunna hopefuls to start earning money including SFR.
My main concern is that China and the iron ore market is still going strong in two years time. Wouldn't like to pretend I could predict the price that any commodity will be at the end of 2012 to within 50%.

Saltbus