FMS - "The Foundation Customer", page-546

The follow up story on Oakajee Project.(sorry guys not subscribedso can’t bring you the full story but someone else might)

“Why theOakajee project will never stack up”

The resources targeted for development in WA's mid westnever seemed to hold hope of producing at the scale that might justify thecapital cost of a 570-kilometre railway and port.

MatthewStevensColumnist

Oct 22, 2019 — 12.00am

But for its brief time as host of a small iron ore mine,the Jack Hills in the distant heart of the Mid West of Western Australia wouldbe known only because it is home to the world’s oldest dirt.

Whythe Oakajee project will never stack up

What catches my eye is the cost. ANS raise from Chinese investors $10bn for 570km rail and port.

MIN raised 8bn from US bond market.

I think the message is that if one goes to the Pilbara without having organised a dump truckload of cash they are naïve, foolish, wasting there time.

I don’t accept “we don’t have money (which means we can’t borrow on a $150bn plus valued project)

Yep buying out SH is the same as paying for other parts of the project.

Will there be an invitation for “intensions of interest” for sale of shares????