Hey B/W - is it 3mtpa or 4mtpa? I thouhgt it was 3mtpa but could be wrong.
Really looking forward to the capex estimates in the pre-feaso. As most here have said in the past, the free carry on the US Steel drilling/metallurgical testing (even though $20mUSD is not as much of a benefit as it used to be!!) and the existing rail/port transport is what makes this exciting. Much better placed than say the Mid-West magnetite presence where Oakajee has not even been built yet.
If you want to catch the commodities bull, you need to be shipping ore sooner rather than later.
What would make me really happy now would be if they farmed-out a Loonganato a Mincor/Independence. The geology of Loongana sounded interesting.
RHM Price at posting:
41.5¢ Sentiment: LT Buy Disclosure: Held