AGO Up up and away, page-127

Had to laugh about that Balla Balla rail project comment, the project can't grow legs without FMS tonnes at the end of the rail line. The project is by "privately" owned BBIG so they will own/control the rail/processing/port, talking about falling slave to a nasty business operator who has tried screwing FMS shareholders into submission and out of their share ownership. BBIG can't even strike a fair deal with FMS and BBIG owners have a 53% majority stake through its subsidiary. The rail runs to FMS door and are essential to mobilise the entire project. Does AGO want to be a second priority customer?

By the way BBIG wants to be your umbilical to getting value from what comes out of the ground. Does AGO want that risk profile of dependency on a private aggressive business? I think not.