Plaino
The WA Govn is forcing mining companies in the Yilgarn (ie Murchison etc) to setup their own infrastructure companies and tender for the contracts for the infrastructure in the midwest.
Govnt won't care who wins the contract - just be a clause saying anyone can use. Just like there are toll roads in melbourne and sydney
Point is setting it up as an infrastructure play will mean that we have less dilution on the fe, and the unitholders/securityholders of the infrastructure play will get "rental income" via dividends. Also means if anyone takes out UMC with Fe in it, our other assets are protected - bit like the notion of a family trust (discretionary) rather than having assets in your own name - or in Showmans case, his wife's
Showy, saw the top20 of PLV the other day. Louis Detata from Bell's do your float??? Good to see an overseas "coal" company as no1 shareholder (no comment required on latter point)
WIN/WIN
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