time to act, page-8

Without rail, the resource may as well be on Mars.

What good is port allocations if you can't use it.

While a mining license, envirnonmental approvals, native title agreements and FEED completed is all great, it's a bit like all dressed up but nowhere to go.

Since the GFC, all other Pilbara players have substantially increased their resources. RIO has so much of the high grade stuff, that they couldn't even be bothered with IOH anymore. Same goes for FMG. 12 Billion tonnes.

I am thinking the only circuit breaker is for Wah Nam to relinquish majority share holdings but we have a long time to wait until the market recovers to the point where their losses can be minimized. Can't see how they can sell down without losing money big time.

AGO has no incentives to buy out BRM given the NWIOA allocations are by default theirs if BRM can't get the ore to port. Again Wah Nam is the curse.

No Aussie miner will give the Chinese commies (who are here to undermine them) a lifeline.

It's too late to sell and way too expensive to buy. The is a huge amount of derisking required.

In some respect, BRM is in even worse shape than MMX. For if Oakajee port / rail gets up, the company is largely derisked (certainty of getting ore to port).