The decision by KRudd and Swann do not alter the value of in ground resources of iron ore.
You are trying to ride on KRudd's back,but will fall just as hard as him in the end.You cannot cover up a huge mistake the same as KRudd can't. You are trying to take advantage of a stupid decision by the Australian Government who have no idea about the consequences of their decision.KRudd can not even explain how it will work. You can gloat as much as you like,it alters nothing about the throw away price achieved by UMC for the tenements.
RIO estimate of over $800 million at the time still stands in worth of the iron ore at the Ex:UMC tenements.
The better projects in the Pilbara will still get up and be very profitable. UMC could and should have been one of them.
KRudd will not be around to see it happen.It will not happen.
Regards Westcott.
VNS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
