Thought I'd start a new thread on the rail comments in the response to the price query:
"The Company has been, since early December 2008, in negotiations with a third party regarding a possible contractual arrangement to investigate the financial and technical feasibility of a direct railway link to the Company's Wonarah Phosphate Project. Those negotiations are presently incomplete. Should a contractual arrangement be concluded, the Company will promptly advise the market.
Should that railway link be constructed, it would reasonably be expected to be beneficial to the Wonarah project economics, providing the ability to sell more product, subject to world market conditions."
So any ideas on who the third party would be? and where the other end of the link is? (presumably Tennant Creek)
AEV Price at posting:
52.6¢ Sentiment: LT Buy Disclosure: Held
