iron ore price, page-37

River,

Your all confused.

AGO was never going to build rail all by itself.

What has been suggested was Aurizon build it with others miners having a minority stake.

What was banded about was a cost of $4 billion with it being a 70:30 debt to equity ratio and a 20 per cent stake for Atlas, the iron ore miner would need to fund 20 per cent of the $1.2 billion equity component, or $240 million.

link: http://au.news.yahoo.com/thewest/business/a/-/wa/13523367/atlas-iron-poised-to-strike-line-deal/