The AGO / Aurizon rail study was initiated in more bouyant times (china growth / IO prices)and does not seem to fit the current situation.
At the time , I bought into both companies with a view they could achieve a niche bite sized development.
As I said , it doesn't fit todays reality so I am happy to see it slide.
If AGO is able to get a rail agreement from FMG, then I think that is a more realistc and lower risk outcome to realise their full potential.
ft
pilbara rail dream fades, page-12
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