Everything I have heard confirms that their expressed targets are still good.
The reason that Canyon expect approximately a $200 million price tag is that the underlying rail solution will be predominantly owned and operated by other parties. Most of it already exists although some additions and upgrades will be required. Canyon will be a freight client for the operator not a builder in its own right. At some stage we will hear more abut this plan.
In the meantime I'm keen to see drill results/assays. They must be getting closer.
CAY Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
