Jonsey,

you mention you are betting Mick Davis would want something a little bigger at this time?

Clement and Joe Oliver have stated that this will rival the Oil Sands in Alberta..that is it that big. One trillion in stuff found and very little of the land explored around 7%.

Baosteel 2nd largest steel company in the world bought into ...Noront.

I read this last week.

http://www.independent.co.uk/news/business/comment/james-moore-mick-davis-wont-be-worried-to-jet-off-early-8575783.html

What caught my eye was this portion

"But you don't need to be too concerned about his future. His pay-off amounts to nearly half that, and he'll also get enough flight time on the corporate jet to cover trips to those parts of the world that are rich in resources but poor in finance and expertise if (as expected) he seeks to create a second mining conglomerate from the ground up"