qld gov. ucg policy, page-3

On a side note for Qld Gov. sitting for tomorrow (16 April 2013), they are voting on the 'Surat Basin Rail (Infrastructure Development Management) Bill 2012.

The recommendation is that the Bill be passed.

http://www.parliament.qld.gov.au/Documents/TableOffice/TabledPapers/2012/5412T1279.pdf

In short this Bill recommends the construction of a missing 214km rail line between the towns of Wandoan and Banana. This line will be for an open-access multifreight rail system which will open up an estimated four billion tonnes of Coal in the Surat Basin.

What does this mean for CXY?. Simply, this makes it's (desirable) Wandoan Thermal Coal deposits a much more viable (and importantly - cheaper) proposition.

I don't expect any sudden jump in SP once this has passed, but for those longer term holders, thought this would be of particular interest in value add for Wandoan. It may also raise an eyebrow for any potential investors. Ready made infrastructure is always a bonus, especially when one considers infrastructure costings.