rail hopefuls back fmg, page-9

Seems to be more positive momentum. Generally a quiet year for WFE but people seem to be waking to the potential. I took the loss this year from 11c average and re-entered at mid 1c. Be good to see up at 5c (mcap +$8M) during early 2014

Anketell Port would be the go and FMG had done a lot of work looking at this option. But a central rail would need at least 100mtpa to be feasible. FMS + WFE combined would be only 20-25mtpa based on past scoping work with FMS say 15-20 and WFE 2-5mtpa.

The Solomon hub is only 25Km by public road to WFE Hamersley deposit. Solomon rail and imo FMG port facilities have capacity today for WFE production of say 2-3 Mtpa.

Hope we see WFE next scoping study soon based on the "shallow high grade area" discovered late 2012. Farmoso mentioned a mine gate study. This would give some idea of capex / opex based on recent metallurgical and beneficiation test results. I'm still a firm believer but infrastructure and capital remain major hurdles.