caz confirmation of 51% earn in for wfe, page-26

See AFR Street Talk article today. FMG asset sale. It implies that FMG seek to pay around $10 / t to third party. BCI JV paying $25 / t and still highly viable. The 6Mtpa third party ore (BCI JV capped) is significant to the return on infrastructure. It's a clear valuation case for additional third party ore to travel on FMG rail and port infrastructure. IMO FMG have capacity on Solomon rail today. FMG are also building additional rail car unloader at Port Hedland and I estimated stockpile / port handling to have min. 155 up to 200Mtpa capacity. IMO it's a logical way forward for WFE and any new investor in FMG / TPI infrastructure. And this is all happening in RTIO backyard.