Ann: Half Yearly Report and Accounts, page-4

I guess we would have more insight once the quarterly is released. Although we do not know the details, signing that logistics agreement was in my view well-timed and executed. The minimum volumes in the agreement guaranteed revenue for the rail so it's hard to see that these were not at market rates or below. Majority of the resources in that region are likely to appreciate which would put further pressure on supply chain. Port of Townsville categories are also all in high demand.

I think we'll start reaping the benefits of the agreement very soon.

Personally, I think ports in the gulf of carpentaria require expansion to alleviate the townsville bottleneck.

Someone had a bite at almost 1mln shares just before 11am today so that's a vote of confidence.