fmg option to license iron valley, page-14

SW - for what they are worth, my new thoughts;

The total lack of inclusion of Buckland Hills suggest that IOH are in other discussions there (to what end I agree there is lots of doubt).

The Maitland River issue: looks more and more likely that FMG are looking to build a big portfolio of magnetite for Sino or other China Inc to develop, and we can then be a part of it.

Mt Dempster is still looming as an option to develop, and there is a chance that IOH could move this on to RIO for the right price.

All up they could repeat the small cash flow development story and end up giving us 3 or 4 ongoing cash generating concerns.

It is piecemeal, but tallied could generate over a dollar a share in dividends easily - for decades.

There is no certainty now, but if that is the end state then I would have to hang around and enjoy the income - also imagine the sp for that kind of dividend!