Great news for both companies and this will significantly reduce costs making the already good projects more profitable. Both SHD and WDR are very cheap at these levels this is a company making announcement as we already have the resources.
Key points below
? Major new bulk commodity stockpiling and exporting facility planned for the Gulf of Carpentaria. ? 2nd closest port in Australia to iron ore markets in Asia. ? CAPEX of Roper Bar Iron Ore project significantly reduced through shared costs.
WDR Price at posting:
30.4¢ Sentiment: Buy Disclosure: Held