By all accounts the BBIG Railway Agreement has a clause to:
"(a) furnish to the Minister's reasonable satisfaction evidence of: (i) the financial capability of the Company to undertake the operations to which the said proposals refer;"
which needs to be provided to the WA Government by the 31/3/22 and then subsequently approved/rejected by Alannah MacTiernan shortly after.
Due to the FMS Boards continuous disclosure obligations, I would expect an announcement soon, to advise all FMS shareholders of any changes in this matter, as it directly affects the ability of BBIG to deliver our Iron Ore to market via rail and port.
The current PIOP agreement between FMS and BBIG is fundamentally built around this Railway Agreement and if it changes in anyway, we will need to be advised.
Therefore, I look forward to hearing an update from the FMS Board in the coming days.
West Australian Government - BBI Rail Extension, page-4
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