Hi PT. Ok my post was poor attempt of humour. At the moment there are so many unknowns and this is likely to remain so until the BFS and rail approval. If the Alliance total cost per ton shipped to China is somewhat lower that that of FMG then a Disallowed or more is not out of the question. It is my guess (and only a guess) that RTA/FMS/Todd will find a way to get cost below that of FMG. There will be lots of fire sale equipment available from those miners struggling at the moment. Construction companies will be fighting to get this work and at minimal margins to ride out the current downturn. Given a little luck (and FMS have been a lucky company IMO) we could all do very well. Can't wait to buy a 60ft sail boat!
Ann: Change in substantial holding, page-19
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