just pondering if, page-12

My view is that the only relevance of Macarthur River is the nearism of its geology.

With Teck as RXLs JV partner, the potential interest of Xstrata has little commercial relevance as Teck will want to move to and retain their full 70% stake. Teck are a big company and will not be interested in bringing in any other partners.

Mining companies are notorious at not sharing infrastructure and there are many cases of full scale mines being built side by side even though they are mining the same deposit.

So what infrastructure may be of benefit?

Roads maybe, as long as they are public roads and open for use.

If Macarthur River is on grid power it might help, but only if there is capacity in the line....

They are extremely likely to not make capacity in their process plant available as this would be detrimental to their own economic interests.

So IMO the close proximity of Macarthur River has little relevance to the future development economics of Teena, if we get there.

I am winging it a little as I don't know the specifics of Macarthur River.... so glad to consider someone else's comments who may think otherwise....

The upshot is that if Teena is large enough and rich enough then building infrastructure is just a small road bump to production. Building remote mining projects is Australia's life blood.

cheers
gosouth