Terrific move, I expect a lot more of this in the near future....

Terrific move, I expect a lot more of this in the near future. Finding iron ore in WA isn't all that hard, stub your toe & it's probably on a lump of Fe, the difficulty is a lot of small companies have a resource but no market, transport or capital.

Iron ore spot price up 5.785% to $146.30 today, some rebound in a couple of weeks from sun $120. $AUD down to near parity also helps. Check out a graph of the spot price and you'll quickly spot the V shaped rebound.