It could be interesting with the Big Boys passing up on expanding their large funding projects. It could be they may look at smaller projects to plan for the future. The Big Boys plan many years ahead.The outer harbour scheme of BHP would have been on the drawing board at least five years. BHP second rail line from Newman in the Pilbara to Port Headland was in the drawing and planning stage for many years before work was started.
If things are getting too expensive in Australia, we could find the Big Boys will concentrate some spending in other countries like they have been doing in Canada because of cheaper project costs. You would think Canada and Australia would have similar costs on wages and other items,not so according to reports of Canada being three times lower costs than in Australia for mining companies.
Regards Westcott.
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