valuation, page-2

VMC will be an interesting one to watch because, together with FWL, they have a combined target resources in Yalgoo of >2 billion tonnes.

This might make an upgrade of the existing narrow gauge railway line to Yalgoo an attractive proposition.

From what I understand, it's about 135km along the existing line to the nearest Oakajee Port/Rail connection at Mullewa. Gindalbie is building a new 85km connection to Mellewa at a cost of about $2m per km.

The potential of the 2 billion tonne target Yalgoo deposits relative to other Midwest deposits can be seen here...