Another ship lining up tomorrow, page-85

Wilef,

If you read my post they are at a disadvantage to FEX as far as transport costs go currently .... fact.

My holding GWR was always based on the large resource base and grade and the possible potential .... the mining and revenue this window of opportunity of high IO prices gave was a bonus. I never expected it to last but we are still going to told otherwise.

Whilst others like to create tension by comparing Fex vs Gwr, I agree they are different beasts and the future is thru Esperance and a rail / truck solution with better scale and efficiencies .... but at the moment that is only potential not a given. Mineral Resources have also been mentioned and a partnership with them probably holds the key for early success otherwise it may be more of an uphill battle on our own as a junior.

At this point it is all potential and possibility, the study may provide some clearer answers.

Bought more today at 14c.