It also makes sense for FMG to allow a smaller player like MinRes/IOH to get a 5mpta allocation and then using the excuse that their lines are at full capactiy to block players like Atlas/Brockman from getting 20mpta rail access.
Lets not forget that FMG will extract their ounce of blood, like BC Iron giving up 50% of their project as a fee to FMG for rail acess.
But given the potential TPI sale and the ongoing rail access dispute FMG may be more willing to cut a better deal this time round.
Pure speculation of course.
IOH Price at posting:
68.0¢ Sentiment: LT Buy Disclosure: Held