Baosteel - Aurizon WPIOP, page-3

  1. 1,371 Posts.
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    Not at all...
    I support the way Baosteel is going about this project and I hope they adhere to high standards all along the way.
    Firstly, they paid Aquila shareholders a fair price... Could you imagine how much less those fortunate folk would have got these days...?
    They are working with a proven partner in Aurizon.... not some billionaire who could cash their cheques at his leisure...

    Above all this project could give hope to more than a dozen miners and explorers in the area to remain a viable business.
    Many are on the brink of extinction because of present market conditions but mainly for lack of support from local money or government... look at poor Cullen they got a grant for $30G from the NSW Gov for exploring a Tungsten resource that could be anything... 30G ? people are getting double that amount for putting arty graffiti on street walls!

    With a new port and Railway these little guys may be able to sell their Nickel.. Iron... Copper... Their tenements are rich of resources... but they haven't the money or support to development... the big local miners treat them with disrespect and deny them access to shipping...If the chinese could give them a chance for a margin... they would be saviours not exploiters.
    As for paying tax... well that' a long story... best ask...Apple... Google.... and a long list of multinationals...

    PS: Rox resources RXL, been getting strong results in Nickel...... Many of their Tenements are adjacent to Cullen 's... Last time they put out such results RXL SP tripled in price and CUL hit 4c.... These days with better results... both stock went backwards.... We all need a Saviour from this present Rot.....
 
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