announcement

There is no doubt that GWR Deposit is a great deposit. It is high grade hematite and the largest hematite outside Pilbara. It is great that they are close to submitting mine plan but it is no good mining it if you can not ship it. GWR have been trying to get access to Esperence, however Brookfield or Cube will get the contract to build the 10M MT expansion. Out of that 10M expansion, Cazaly will get 4.2M MT and Mineral Resources will fill the rest. FAS are not funded nor does the port authority rate them as credible. The only way GWR will get access to a port is if Oakajee ever gets up....That is a long way from happenning. The other factor about GWR is funding....Whilst they have $20M in the bank, they will need to borrow 300M to get into production. GWR are a ways off yet...