AUZ - chart, page-802

Agreed... Qld Gov. would prob, at best, offer delayed royalties. That seems to be what they offered Adani.

Townsville is desperate for employment.. as is Cairns... local gov. will do what it can and support moves to attract funding to any industry that does not cost them votes (Adani cost them votes so was cut loose... this project should not have that issue).

Fed Gov. is desperate to be seen as the white knight in Northern Australia (esp. FNQ)... the NAIF ( http://www.naif.gov.au/ ) has already decided on a port extension, but I doubt it would be an easy task to get funding for this particular project. The median funding is also only 70 Mil so it would not pay for much at all and would struggle to be seen as infrastructure when it comes to processing material... although roads in/out may qualify if the state/local gov does not stump up.

Simple truth is that significant funding will need to be found by management to move ahead. That comes with all of the risks associated, but that is how it is.

The DIDO vs FIVO will make construction and operation costs lower, which is great.