number crunching re: bungaroo, page-7

Superwealthy
you are spot on. If IOH can resolve its port issue then it will be the next new small- medium iron ore producer in WA and all being equal should hit the markets, maybe 2014, in time to catch a world econnomic upturn.

AGO is a good comparison particularly since AGOs chances of increasing productioon above 5Mtpa without a railway are slim.

Valuing IOH, when producing 4 to 5Mtpa, on the same basis as AGO may see IOH around $15 to $20 ps.

I'm a long term holder and looking forward to the ride.