IMO the biggest factor in the success of GWR is whether the port and rail projects go ahead. We haven't heard much of late, but with the recent change in demand for ongoing iron supplies in China, sentiment may change in the near term.
MMX will obviously get exclusive use of the rail that they will build with Mitsubishi... their shareprice has come back very nicely, even though they haven't began mining.
I believe GWR's optimum outcome is for a railway linking to MMX's Weld Range. Of course there are other options...truck then rail, or there are still options of Geraldton or Esperance.
Everything looks good, no environmental issues like MIS, the DSO is high grade, we have a massive deposit(independent geological review has determined a
conceptual project iron ore target of between 320 million
tonnes and 470 million tonnes ranging from 56-59% Fe.) .......except there is a big uncertainty of the infrastructure and it is obvious why the SP is so low presently at 40c!!! or a measily $57 mill with $27mill in the bank.
Will OPR get up??.... thoughts please
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