MIN made a required announcement this morning to the ASX following an investor telephone discussion on 19 July 2018, last week.
Todays update announcement refers, among other things, to the proposed BOSS system from Iron Valley to Port Headland, which also travels past MIN's Wodgina Lithium Project.
"Pilbara Infrastructure Development
The Company’s proposed narrow gauge, lightweight rail system is progressing and has been modelled on a base case 20 million tonnes per annum run rate, with a total system capacity of 50 million tonnes per annum.
The estimated total cost for this development is in the order of AU$1.4-1.6 billion* and will include costs for construction of a 320 kilometre rail system, rolling stock for the rail system, a fully automated stockyard and development for one cape size carrier berth.
Once completed, this significant infrastructure development will form a key part of the Company’s mining services business."
I'm sure BCI will be pleased that the BOSS investment by MIN is 'still on track' (sorry....).
BCI Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)