IOH will build the main structures required for the multi user...

IOH will build the main structures required for the multi user port facility and presumably charge some capital recovery for components used by third parties. The third parties , probably through a cooperative, will need to fund their infrastructure themselves. IOH have reasonable deposits although attention needs to be given to the Phos content of their ore and the impact on marketability. Their western Pilbara average is around 0.15% P; The current targeted P of 0.08% with a max of about 1.1% P. Assuming the material is marketable, it will likely attract a significant discount as there is alot of the high P material around, increasingly so in the future.