Ann: External Review Confirms Strong Economics of, page-8

re: Ann: External Review Confirms Strong Econ... Comments on your statement below

Given the uncertainty about iron ore pricing and looming massive oversupply from BHP, RIO, FMG and other from Australia and more internationally.

None of these projects are going to be able to raise the large CAPEX that they require or make any progress until the next boom which will required vastly increased volumes which can only come from India in 10-15 years time.

A long time to wait.

So you are correct as you say below, slash those costs, get rid of excessive and unnecessary management and don't waste any more money on these project.

As for an investment or making money from share price appreciation all these companies and thousands more like them in this market are going nowhere.


"I looked ROY, CAP and HAV all in the same region, low sp and not going anywhere and high admin cost."