Ann: Becoming a substantial holder in FMS by DB G, page-64

re: Ann: Becoming a substantial holder in FMS... Hi Guys
I accept responsibility for the decimal place error. The fact is to develop one of these mines takes a hell of a lot of money. The present board are trying to do it on the cheap. You are never going to make real money riding on someone else's infrastructure. I am not including Queensland rail on that.

Whichever way you look at it there is wharf infrastructure including ship loader, train unloading station, stacker and reclaimer yard, rail line and on site at mine plant. That plant needs to run 24 by seven by (360and a quarter)

Now if you are going down that path you need to bring in other juniors and charge them a premium to pay off your plant quicker.


No one has thought of it but there is a huge deposit of coal deep under the bottom third of the NT, get water to that and process the IO into iron.