I have mentioned Macarthur (MIO) a few times on here .. I hope no-one thinks i'm promoting MIO, because I'm not. I don't have any of their shares and won't be buying any either. Gwr is the better investment in my opinion.
Just look at their resource - grades of 50% compared to our 60%
plus they're in the middle of nowhere and have got a lot more work to do than we have
The reason why I mention MIO is because they are going to transport their ore to Esperance... 130 kms west of Menzies to Esperance.
They are aggressively putting all this into place. They have been in discussions with the Esperance port for a few months about the loading facilities
So if all this is being done by a junior player like MIO, then it should be easier for GWR to do.
I'm also sure that the Esperance Port won't want another 2 or 3 mining companies setting up their own loading facilities. Hopefully they will be making any new facilities shared.
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