company heading nowhere

The brokers who have $2.60 in it also ahve a lot of shares in it. This thing is in the middle of nowhere between Canberra and Goulburn. There is very little water there. Not I don't think the pasturalists will like very much that a mining company that is going to be there for 7 years getting water allocation from bore facilities. The local council will support pasturalists. The only thing people don't consider with this company is transport costs. There isn't a rail line and it's 200km away to a port facility. You can truck it out but that will kill earnings for this company. This thing does not have legs.