Ann: Key Infrastructure Secured to Progress Iron Ore Development, page-57

If we look at what we know, rather than speculation, Pilbara have already started work on infill and grade control work. GWR call the whole thing off if it delivers less tnan $10 per tonne profit to them. From these two facts we can safely infer that GWR and Pilbara believe that at current io prices that there will be a profit of greater than $10 per tonne to GWR, that there will be a port to take the ore to, and there will be a paying customer. Twice now GWR has stated that first ore to market will be early in the new year, that is only two months away. Surge there has to be a significant relating by then.