wa newspaper, page-7

"Premier Colin Barnett claims the State Government holds the right to buy the intellectual property behind the Oakajee port and rail development if the multi-billion-dollar project falls over."

Article here:
http://au.news.yahoo.com/thewest/business/a/-/wa/9033199/we-can-buy-oakajee-design-work-barnett/

I'd say at this stage PDY's IP is "Plan C" due to Oakajee Port & Rail's research conducted thus far being substantially superior to Yilgarns/PDY's, which is now approximately 3 years old. The economic environment has changed a lot since the GFC of 2007 when Yilgarn lost the bid. Price of commodities, less liquidity (cautious investing), etc...

I still believe it's a good investment on PDY's behalf.