Ann: Investor Presentation , page-6

I don't buy the idea that WN will develop Marilana. They won't get a FMG rail deal anytime soon so long as WN owns the company. BC Iron got their FMG rail deal in one afternoon.

Without rail, the mine can't be developed. STUCK !

I reckon they just want to flog it off after accumulating more shares on the cheap.

This goes back to the AGO scrip takeover scenario.

AGO is the ONLY company that may consider taking over partly due to South West Creek port allocation and partly to increase tonnage.