Ann: Wilcherry Hill Iron Ore Project Update , page-8

Best case scenario they need approx $15m. What chance of debt financing that amount given past record and for a company with only 33m market cap ? Worst case add another 21m for cost of containers. What chance of being permitted to establish bulk storage facility near the port so that only 270 containers required ? Govt may be in favour but environmentalists are going to be out in force = delay/non-approval. I can't see how 3000 purpose-built containers are going to be available on lease arrangemnet; even if they are, supplier is going to want 20% return on capital = 4m p.a.
Interesting that nearly every aspect of the proposal has been altered during the course of WR's employment...... I really would like to know just why he left in such a hurry.
It's a good thing drilling is continuing, good results may increase the price for inevitable sell-off to Rio or BHP.