The following is an abstract from BCK annual report. (Chairman’s address)
Interesting that there infrastructure is not a problem. They had a favourable judgment for the TPI and are looking for alternatives. The year is 2016, new century and year. (back up?)
Most of the BCK shares are held by it’s principals so they have a vested interest.
Hello FMS board, are you on the right page????
“Whilst we are operating with minimal spend, the
company is still striving its very best to pursue for a
viable infrastructure solution.
It was not all doom and gloom as Brockman is utilizing
its sizable iron ore reserves to pursue infrastructure
solutions and cooperation. Once an infrastructure
solution is secured, the value for Brockman will increase
tremendously. This year, Brockman has achieved a
significant milestone in such — its Access Proposal to a
third party rail was held valid by Justice Edelman.
Delighted with the successful Supreme Court decision,
Brockman will strive its best to progress rail access
process in accordance with the Western Australia rail
access regime.
Brockman has also commenced exploring for other
infrastructure alternatives with other counterparties.
Brockman will notify shareholders in due course should
there be further progress towards the negotiations.
Looking ahead, although the global economic
environment seemed unstable, the infrastructure
solutions for Brockman remains optimistic. We foresee
that the “One Belt One Road” strategy for China will
definitely give a boost to the demand of iron ore in the
coming future.”
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