Mods, this is not a cross promotion but to correct misinformation.
nobullnotozzie,
I back up Patprice's comment.
You say: "BC Iron got lucky with FMG being on its back after the Chinese threw a tantrum and sent the iron ore price crashing last year. Were it not for that they couldn't have got such a good deal out of FMG re rail access."
It was the 50/50 joint venture formed in 2009 between BCI and FMG that gave BCI rail & port access.
When FMG got into trouble last year BCI approached FMG and bought another 25% at very reasonable rates.
NO, BCI did not get lucky last year.
BCI management made it happen.
I'm sorry to say that, in my opinion, FMS management would still be waiting for something to happen.
aurizon will be allocated port space at ph, page-98
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