npv increases about 70% since scoping study

The market do not realize the huge price increase of pig iron since scoping study released march 2009.

Scoping Study march 2009:
http://stocknessmonster.com/news-item?S=IDO&E=ASX&N=441601

The Scoping Study shows an NPV @ US$847 million assuming sales US$350 per tonne for pig iron respectively from the production of 1 million tonnes per annum. On march 2009 (scoping study was published), pig iron price was 366 US-$/t.

On Dezember 2010, pig iron price was 421 US-$/t.(Free on board brazil)

http://www.steelonthenet.com/files/pig_iron.html

So, the NPV increased from US$850 million to about 1,2 - 1,5 billion US$. An increase of almost 70% !

Look: (source: Indo Mines HP)



As I said. The market do not realize the huge price increase of pig iron since scoping study released march 2009. But in june 2011, a new feasibility study will be published:

A feasibility study assessing the potential to initially produce 2 million tonnes of iron concentrate per year from the Iron Project is scheduled for completion in June. (...) A feasibility study for the pig iron development will be completed in the next 18 months.

http://stocknessmonster.com/news-item?S=IDO&E=ASX&N=526670

Open your eyes guys. Big things are coming.