Evening folks.
From what I can gather there were two reasons they have "temporarily" shelved plans.
One is they expected things to start going ahead 2012 now looks like 2014-2015.They have obviously got the funds approved of $2b for next year for a project that is now looking to cost over $8b-makes ours look cheap!
Second I believe they had no ownership of the infrastructure (rail and port) which was 50:50 MMX and Japan's Mitsubishi.
With SDL they have a govt. keen to get things rolling and they can own up to 50% of infrastructure with many parties already expressing interest in using this infrastructure.
AND, we can start laying tracks from Sept. this year.
Certainly makes sense from this side.
But surely if this were the case shouldn't we have seen some strenth in the SP?
just spoke to sundance, page-18
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)