Good to throw some balance for those that hold as well:"By the...

Good to throw some balance for those that hold as well:

"By the end of the month, IOH will appoint a major investment bank to help it find a partner for Buckland. The goal is to cap IOH’s financial contribution at $250 million. Potential partners could include groups such as Korea’s Posco, various Chinese steelmakers and traders such as Noble Group and Glencore.

At Iron Valley, Mr Vorster said IOH was open to finding a new way forward with Fortescue, including alternative transaction structures.

As one example, for $150 million, IOH could develop a project producing 5 million tonnes a year and truck the ore to Fortescue’s railway line. First production could then occur in 2014."

AGO's was doing fine with 5mtpa at one stage ... don't see why IOH can't do the same and work there way up. If 5mtpa was the case, and looking at MC's between AGO & IOH, IOH price would be multiples of where it is now, even if CR/Placement/etc was to occur and IF the world was in a better place.