Ann: Roper Bar Iron Ore Project - Update , page-5

Could'nt ask for much more from the directors on this stock. It seems like it's been well run despite all the volatilities of the IO price and the uncertainties with getting large projects like this up and running.

Does anyone have any ideas on the profitability numbers assuming prodution goes ahead in October this year? IO price is expected to drop somewhat however WDR can produce at a cheaper cost per tonne than it's peers at $60pt. If the average IO price is around $120 over the next year and they can export 1.5Mt in the first year this comes to net $90m or 33% of the total value of the company in year 1. This may be a simplistic view but I'm sure there's enough fat in those numbers to cover other costs not related to extraction of the material and still be of much interest to investors.