I posted a few days ago that the only way for Balla Balla to proceed from what I can see is iron to come from FMS. There is no other iron ore of significance in that area that is not destined for an existing railway (or one that is possible to be developed to meet the timelines of the project proponents). As I said a few days ago the State Government does not give out State Agreement Acts willy nilly - note I presume this one still needs to be legislated - because you only get one if the people behind the rail/port proposal can show the project is viable, and the first question that will be asked is where is the iron ore coming from and is that project viable. All IMO.
Best of luck to you all - note I still don't hold as put my excess cash in a stock I already hold. Drown out the noise is my suggestion to LT holders. Those who got in early should have a strategy of free carry so no stress for you whatever FMS does. All IMO.
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