The definition of the "PIOP Mining Area" under this Railway Agreement reads:
"means the areas which at the date of this agreement are the subject of Mining Lease 47/1451 and Exploration Licence 47/1560".
The definition of the "PIOP Mining Area Loading Point" under this Railway Agreement reads:
"means the proposed northerly end point of the conveyor system intended to be constructed upon the land the subject of application for Miscellaneous Licence L47/733 and application for Miscellaneous Licence L47/753 by or for the benefit of the PIOP mining area proponent.
Lets remind ourselves on what these leases and licence' s represent.
Miscellaneous Licence L47/733 and application for Miscellaneous Licence L47/753 once was under Rutila Resources which is now Todd Corporation. This conveyor system and bridge over/under Rio Tinto rail line connects Flinders Mines to the BBI Rail and is a seperate piece of infrastructure to the rail system.
Will this be funded and built now by Todd Corporation in agreement with Flinders Mines ???.
It is worth noting that when the BBI Group submits its last company detail proposals to the minister, IT MUST HAVE IN PLACE A BINDING AGREEMENT OR AGREEMENTS WITH THE PIOP MINING AREA PROPONENT. There proposals have to submitted by 31 March 2019.
The best days for Flinders Mines are still ahead.
FMS Price at posting:
9.8¢ Sentiment: Hold Disclosure: Held
