well, it's interesting. RTA good news on progress of railway and...

well, it's interesting.
RTA good news on progress of railway and conveyor approvals.
RTA SP goes up, FMS does not much.
how come?
the railway and conveyor goes where exactly?
yep, to PIOP.
PIOP is currently 100% owned by FMS.
The BBI j/v is totally, totally reliant upon the success of PIOP (FMS).
it has no other users or suppliers of ore.
without FMS ore, the railway and port would be a ghost-town.
The Alliance Agreement provides that the development of PIOP is the basis for Phase 1 of the BBI, and that the development of RTA Balla Balla mine will be Phase 2. Presumably because the mine, and port infrastructure is uneconomic without the throughput of PIOP ore.

So I guess any good news re RTA and its BBI rail and Port should (in theory) directly impact on FMS.
When will the market give any recognition to the improving credibility of the FMS story?
I guess everyone is waiting for the price of iron ore to show some recovery ???