re: Ann: Iron Valley Project - Construction C... Also note tha...

re: Ann: Iron Valley Project - Construction C... Also note tha Aussie dollar is much lower against the USD right now than it was when this deal was signed & the income forecasts for IOH (as well as profit for MRL) improve with a lower dollar.

So the project looks excellent right now in terms of viability with higher Fe price and lower AUD. Let's hope those conditions are fairly constant over the next 1-2 yrs because MRL will want to ramp this up very quickly in order to make hay whilst the sun shines.