The Noble group will use them as a vehicle to buy into other junior players with good inferred resources but not producers yet, let me ask a question, to build a rail link to Hedland and get Port facilities, build a plant to process raw materials, would that cost more than building a rail line to TTY in the NT, for direct shipment of raw materials to TTY in the NT, then direct shipping out of Darwin with a shipping Port already in place and the support of the NT Government? Once you start laying steel, addtional kilometers of rail come a lot cheaper,so a direct rail link from the Pilbara may not be out of the question, not to forget cheaper shipping charges and the 100% support of the NT Government, in the US shipping by rail is the only way to go.
TTY Price at posting:
41.5¢ Sentiment: ST Buy Disclosure: Held
