Kenso, they do not need the port expansion for stage 2 which...

Kenso, they do not need the port expansion for stage 2 which will take them to 16mt PA, this can be handled at Gero, read up and you will see. As for debt, well every new mining project carries debt, without finance loans there would be no projects ever, they are long term investments based on that they will produce for many many years. Also there is a lot of hype regarding the iron ore price drop, people seemed to have seletive memories and cannot recall the price of iron in April 2009 was $59 pt and then in April 2010 was $172 pt, the media and half glass empties only appear to enjoy the bad stuff! news http://www.indexmundi.com/commodities/