Dont worry about with Bren.
He hasnt even bothered to read most announcements but go on seals HC opinion.
MAKs costs are with trucking. Not rail. Rail is going to bring costs down and has not been assessed. Rail is years off anyway, and MAK are (at this stage) not going to be building a rail line at this stage..but their is a feasibility study being done for a rail spur to wonarah, which they will be lobbying for the state government to fund and approve.
UCL is dead as it has little cash and severely diluted. They are years behind MAK to get to production.
BON holders would be stupid to go with the UCL deal. It means certain death for both.
Just my opinion
594 million tonnes at 18.2% maiden jorc, page-39
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