One of the big issues FMG/TPI has with BCK's rail use proposal is that BCK plans to use Aurizon's trains. I think FMG/TPI really want BCK to use FMG's trains - no doubt because it gives FMG the right to charge a higher price and also helps FMG amortise its rolling stock investment.
I'm expecting that BCK will also announce a significant resource upgrade at its other tenements. I reckon it could be between 300-400 million tonnes given the significant depths the drilling has achieved in many holes.
BCK Price at posting:
6.5¢ Sentiment: None Disclosure: Held
