rail update next week?

With the quarterly out next week most likely, what are the chances of some update on the discussions with fmg?

It would certainly put the final nail in the wnh bid you would think so some update on the progress can not be ruled out, especially as we approach the 16 feb bid deadline.

Barry Cusack noted that the company would update the market between 14 and 7 days before the bid expiry which at the time was in January.

A rail deal will allow us to approach the "cheap" valuation paid by regent for bci of $11.40 per tonne.

Does anyone remember what ore price was assumed in the Dfs? From memory it was quite low. Analysts everywhere are calling for a cooling in ore prices by 2015 to $65 per tonne. I think that still makes brm a compelling proposition and then some, especially if we can achieve first production by end 2013.