They” want us to believe that the Pilbara Iron Ore Project (FMS) is so so bad that “they” are prepared to spend 6 BILLION DOLLARS on Port/Rail/Mine!
What about this
The central Pilbara region occurs within the Proterozoic Hamersley Group (~2.6 bn years old). Iron ore is hosted in the Brockman and Marra Mamba formations. Known economic mineralisation within the province exceed 12 billion tonnes with potential product grades of 56-62% Iron.
The construction of railway in the State of Western Australia requires a State Agreement to be negotiated with the State and an Act of Parliament to be passed. The State Agreement was signed on 23rd January 2017 and was passed through the Western Australian Legislative Assembly on 31 October 2017 and became law on 11 December 2017.
Nothings happened. Todd controls the link , no exports ,shares dive after asx exit announcement. Todd not on NZ exchange either.
http://www.bbig.com.au/index.php/overview/rail-overview
