I would imagine that the YES consortium will want to undertake due diligence on all potential users to ensure that the user has a viable project. In the past there was a long list of potential users wanting to reserve a port allocation entirely as a marketing exercise. I would imagine that YES will want take or pay arrangements with potential users. In my opinion based upon previous disclosures Cazaly, Minres, GWR, and possibly MDX ( DSO) are all at a point where they have undertaken readability studies and have mining approvals in place. I am not sure if FAS has finished these yet.
FAS Price at posting:
0.6¢ Sentiment: None Disclosure: Held