what about the cash?, page-6

No way West Pilbara will go ahead at present. No way in hell.

Reason:
- BHP canned outer harbour
- FMG just scrapped its committed and under construction 155mtpa development to 115mtpa.

Look at all the iron ore stocks..They are plummeting.

This is only as high as it is due to the recent cash settlement for Isaac.

Either hold and hope for better times or get out. Although I doubt this will go too much lower due to a high cash balance and cutback on expenditure.