good post for cape preston wa news

WA iron ore firms Aquila Resources and Red Hill Iron have performed well in a bad day on the markets, as investors stripped $38.2 billion from the Australian Securities Exchange in its biggest fall since February 6.
The benchmark S&P/ASX200 index was 171.5 points, or 3.16 per cent, lower at 5264, while the broader All Ordinaries fell 163 points or 2.95 per cent to 5368.9 amid continuing global credit woes and fears of a recession in the US.
Bucking the trend was Aquila, chaired by Tony Poli, which announced a revised resources estimate to its West Pilbara Iron Ore project of 493 million tonnes, up 227 million tonnes or 85.3 per cent.
The company said it had potential to expand the resources further in additional targets.
The news drove Aquila’s share price up 22.3 per cent or $2.10 to $11.50 at close of trade today.
Red Hill Iron, which partners with Aquila and holds some overlapping tenements, rose 20 per cent, or $1, to $5.40.
The last paragraph of the report is the most important for Cape Preston with the comment about a rail way line possibly going in to the new port at Cape Preston