bc iron: interesing time in the pilbara, page-12

As I recall (I might be wrong), when FMG walked from Iron Valley an announcement was made suggesting that IOH had explored alternative setups with FMG. On being access to the FMG rail for a haulage fee - but it was not economically viable.

This indicated that the FMG asking price p/t for access to the rail was simply too high, and it did not bode well for FMG because they are trying to sell a 40% stake in TPI and if it's too expensive for third parties to use the rail... Surely TPI is not terribly viable for any new investors.

Anyway... Maybe FMG have sharpended the pencil to make it work and illustrate a good business case for TPI.

I don't see how FMG will ever sell a 40% stake in TPI for big dollars if they don't have a decent group of customers already using the rail, paying fees & showing that it works.