Any ideas how much ore they can mine each year (post rail, port, mining lease, govt approval etc)? If they can fast track 50mil tonnes or so and effectively pay nothing for it (as you just suggested) this would put a bit of a dent in the 600 or 700 mil tonnes of ore they are currently importing - and would pay off a 5 billion rail and port solution in one year. If you knock 7pct off demand from China that would have a material impact on the iron ore price. I wonder how much BHP, RIO etc would like that? Time to open up those rail lines fellas!
BRM Price at posting:
$4.76 Sentiment: None Disclosure: Not Held
