Ann: FMS Investigates Additional Rail Options , page-9

Guys try to understand the big three, FMG, RIO & BHPBIO do not want to help anyone and if they do it is at the price of taking about 75% of our profits. Forget about thinking of them and also forget a TO it will only be for peanuts. Day traders do not decide a company s future.

Even if we go into partnership in a consortium in a railway line completely parallel to one of the majors only then would they talk to us.

A parallel line gives an up and a down line which could multiply ore throughput 500 percent. Even a line that can send trains around in a circle would increase traffic. Once the ore is on the train distance is almost irrelevant.

Have a look at the map of the two parallel lines into Port Hedland? It is only a matter of time for FMG and BHPBIO to turn that into a combined railway, to do otherwise is foolishness in the extreme. As a loop they could have trains five minutes apart like a suburban railway line. You can't do that as a one way line.

Sooner or later this discussion will take place in a room with those arguing wearing wigs.