Looked up this port/rail proposal last week. What an utter nonsense. As if any Government or private money would get wasted on something like this when the figure stated is billions. There is simply no demand for the facilities that would be built for this cost.
It beggars belief that QBL can keep holders hooked when they infer that their projects could be viable based on things like this Yamba port/rail proposal. Something that the least amount of investigation should have people rolling over in laughter.
Damn good story to deflect attention away from the miserable progress at Sth Johnson.
Next we'll be told that the Inverell capex will be really low 'cause they will get the bauxite to port in the back of some old utes and ship it out in the prawn trawlers!
QBL Price at posting:
0.7¢ Sentiment: None Disclosure: Held
