mmx is not immune to the market crashing, page-2

Some good news on the GBG thread regarding power ann last Friday, good read for MMX holders.

corporatefile.com.au

Are you confident that the proposed 330kv upgrade to Geraldton will happen,
and in a time frame that suits your expansion plans.

CEO Garret Dixon

We are very confident of that outcome. A 330kv power upgrade all the way to
Geraldton is a critical piece of infrastructure that will drive the development of
the Mid West region. The WA State Government has thrown its full support
behind the development of the Karara Project, Oakajee Port, and spoken of its
desire for an adjoining industrial park and major industry to support Oakajee.
All of these projects are intricately linked – Karara has already stated it is
prepared to ship its future expansion tonnages through Oakajee as soon as it is
operational – and all these projects require upgraded power infrastructure in the
region to reach their full potential. Given the current economic environment
we are not surprised at the Government’s decision to defer the upgrade, but we
are confident it will go ahead and in a timeframe that suits our own plans to
expand output from Karara.