BBI Raili gets Royal Assent. Potentially 1 Billion tonnes of FMS Iron Ore unlocked

Flinders Mines shareholders are celebrating as Todd Corporation's / BBI Rail project received the green light from WA Parliament last week, including receiving legislative Royal Assent.

I believe that investors should look very closely at Flinders Mines (FMS) as the above legislation provides for the buliding of the new railway and port facility that will facilitate at least 25 Million tonnes of FMS's Iron Ore (POIP tenements) to be exported per year for at least 20 years.

I consider the next few months will be an exciting time for FMS shareholders. FMS are currently undertaking a benification study of the ore at the mine site.

In my view it is likely that either the Todd Corporation will make another takeover attempt for FMS or it will work with FMS to achieve a mutually benificial arranngement to be able to ship this ore.to market. Investors should consider the volume and quality of ore assessed to be in the FMS mine against the current market cap of FMS. I believe it is undervalued now that the ore is not stranded and has transport solutions in the future.

This is my view only and should not be taken as investment advice. I reccommend you do your own research.

Gibonsky