Ann: Corporate Update and Board Changes, page-6

"premium" = "low grade"??????????? (and BTW, 15mtpa at say $A80 is $A1.2bn p.a., IRD mkt cap is $98m - I think that gives us some wiggle room. OK, it's high spec, but that's how it's priced. Enjoy the ride.)

Iron Road's vision is to become a trusted and reliable supplier of premium iron concentrates to the Asian marketplace


Key to achieving this vision will be Iron Road's two South Australian projects:
Central Eyre Iron Project (CEIP) - A large 20Mtpa development that requires an industry partner
Gawler Iron Project - Potential for a 1-2Mtpa development, close to established rail with port access