what is going on, page-41

'This rail upgrade due for completion 2014 is confirmation that BM will be ideally suited for commercial CHTD facility with rail infrastructure to deliver BCE to Geelong and out over the water.'

'Also, the fact that this is being built by the co-developers/backers of Exergen would be pure coincidence....surely!'

Thiess (exergen co-owners) building part of the new line to BM is the latest addition to the very long 'co-incidence' list.

The other 'co-incidence' is that the new BM rail is scheduled for completion 2014 - the same year targeted in the MOU and pre-JVA for first export of coal to India from BM.

Presumably Thiess will have had access to the rail plans for many years now, so I assume that the upgrades to the rail carrying capacity out of BM planned for 2014 will allow the JV to move 12 m/tpa of BCE product from BM to the port of Geelong, and this fact would have been known to exergen when they entered the BM pre-JVA.

the series of significant events and support necessary to make the BM project viable is right on track IMO.