market cap, page-6

Hi Kate I feel the key issue to GWR is infrastructure, which to a degree is out of it's control. Sinosteel at Weld Range are in a similar position. Sinosteel paid $1.2 billion in their take over of Midwest and are rumoured to have spent +$100 million since then. A solution to infrastructure will undoubtably create value to GWR. David Law recently took a 15% stake in GWR via a placement and is on the board. David Law was a major shareholder in Midwest and is credited with creating huge value for shareholders. This gives me confidence that in the long term GWR is a sound investment, patience is required.