QRN will definitely be talking to AQA about building their proposed Anketell line for them, as well as every junior in the Western Pilbara - IOH of course having a significant presence in that region. The proposed line for AGO doesn't appear to be any help to us, but it's only a matter of time until the West is opened up with new rail.
Even a short spur into Maitland is possible, especially if FMG come on board as a JV partner - they have already claimed first option as our partner there.
Notice RIO have begun a campaign today to recruit 6,000 new employees - mostly to it's Pilbara operations as it attempts to increase capacity by about 50% over the next three yrs.
I still think RIO are a big chance to JV (or purchase) Buckland Hills and/or startup a mine involving Koodaideri South and trigger the 2% royalty from that deposit.
IMHO it's wise to be soaking up a little IOH stock here and there, the iron ore industry in WA is about to burst at the seams and IOH is extremely well positioned to make hay while the sun shines.
IOH Price at posting:
$1.35 Sentiment: LT Buy Disclosure: Held
