In Fortescue Annual Report, page-9

Yes, well Myall Creek was running with hot water for AR back in the day. Seemed to get cold feet though after a little bit of ASIC feedback on his enthusiasm. Have always wondered why that initial rampant enthusiasm was never really followed up by a concerted campaign if the positive sentiments expressed by AR were based on more than just a hunch....May well be good copper potential there but will clearly be Fortescue or others rather than SER that go hunting. at least it has returned fully to SER now, so they will have more enthusiasm about funding work again, or attracting another JV, rather than to have to free carry the old JV partner.