Just got back from the AGM.
A big part of it was that FMS are waiting on which consortium wins the infrasturcture race. They don't expect any decisions on that until after the elections in WA next March. They are looking at all infrasturcture option.
Another interesting point from the chairman was that FMS may be part of the solution for the FMG ramp up to 155Mtpa (possibly wishful thinking), but not in the same way as BCI 50/50 joint venture.
That was my take on it anyway.
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