CAY 0.00% 15.0¢ canyon resources limited

Ann: Canyon commences drilling at Minim Martap, page-32

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  1. 482 Posts.
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    Cheerleader for a cheerleader who represents 15% of the stock.


    Casting a more critical eye...


    Rolling stock for bauxite I reckon would be different to rolling stock for general freight so how would the bauxite be back-loaded? Be a bugger getting the grit out of those diesel tankers!


    Bollore move 1.8Mt of freight per annum at the moment, not all of which will be eastward-bound so the 10Mtpa back-load seems a bit of a stretch irrespective.


    Don't forget that this is not Pilbara rail - the rail passes through towns and city and handles passenger trains as well.


    It's not a coincidence that rail lines handling bulk products heading to the coast for export go downhill.


    If there's to be a rail link through Ngaoundere to Chad then won't that increase the freight volume on the line and reduce the capacity for haulage of bauxite?


    "The Company is in advanced discussions"...read the quarterlies and something of this ilk is contained in many of them.




 
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