Quick point..GWR have a good resource. See below.
"Resource of 50.1 million tonnes at 61% Fe"
The problem...they are in the midwest. BCIron are in the Pilbara..where FMG are emerging and BHP allready exist.
It will take them ages to have bulk transport via rail haulage to be built. BCIron will be earning more money a lot quicker than these guys. BCIron allready have a MOU in place with FMG to use their rail and port facilities. All BCIron have to do is map out the ironore..and they definately have the stuff.
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30 to 70mt of direct shipping quality iron ore, page-9
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