Ann: $1M Capital Raising, page-17

Multi-billion $$$ conglomerate steel producer and construction giant Mitsubishi have done all the number crunching on magnetite mines in the Mid West feeding rail infrastructure with a port at Oakagee and decided it wasn't going to make cash because 3rd party users wouldn't pay the singificant premium required for rail haulage. That was in a demand-driven market, short on iron ore.

Now iron ore is in chronic oversupply - currently 100mtpa 2015, moving to 200mtpa 2016 and 2017 - but somehow people are going to give an obscure minnow like PDY $6 billion to build a rail line leading to Fakeoagee, a back-of-envelope port proposal rejected by WA State Government way back when (2008 ?).

Yep, I'm missing something, I know.... what is it now.... let me think.... erm....

That's it !!!!

Bring It On, Gary's feeling strong and being positive !!! BRING IT ON !!!!!!