feasibility study, page-3

We still have the $744m question outstanding and thats the financing solution.

Hopefully this positive PFS, with further upside to come from third party tolling at the Port, will now expedite partner selection, which may include infrastructure type companies interested in the port development.

Thought it interesting however that IOH flags a potential construction start date of CY2014 subject to financing which seems a cryptic way of saying that financing discussions may be at an advanced state. At least all necessary approvals are in place and the port lease looks like a done deal.

It is conceivable that we get a double whammy of Iron Valley production start and a financing announcement on Bucklands in a short space of time.