A deal with FMG is going to be most the most likely outcome IMO....

A deal with FMG is going to be most the most likely outcome IMO. It is hard to think a new rail line will be built given all the predictions with ore prices. As hardly any new projects will get up and running.

FMG was very comprised last time the price dropped dramatically which brought about their plans to sell some infrastructure. They are much better off doing this sooner rather than later as have better bargaining power now when not under so much pressure.

I think the end result will see companies using the infrastructure paying a fairly high price for it per tonne. But that is a better risk than building a rail line that could blow out in costs and of course time. Plus its available now in todays ore prices. Cheaper than road, available now and risk known.