Look at GWR with 130 million ton Iron Ore Using 130 ton road train to Port Geraldton. To ship 7 m ton /year. Alot of road trains N cost. N only 60,000 ton ship. The inland transport cost is the killer.
Norse have a 200 km rail link to the port Esperance Port has the ability to accept Capesize vessels of ~150,000t capacity N I would expect 200 million ton export over 10 years or 15 years = 14 million ton/year X $10/ton profit $140 million /year. that is about our current m. cap
Moms N Dads will be looking to going to the car show to get new BMs and MBenzs
TUL Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
