rio comments, page-29

Thank you, Bleasby (and your other half!),

You've put a fair bit of rigour into the issue of possible cherry picking of rail access by FMG on the basis of Fe grades. It certainly gives some reassurance that it's a very viable option. I wonder if there are any equivalent rail systems elsewhere in Australia that have a bit of history to show how it works when things open up?

I certainly appreciate the input of UIO to the overall debate. My view is that the market will get the price of BRM right as and when all the bits of the equation fall into place. Hopefully the scoping study will give more insight into the detrital upgrading process.