feasibility study, page-4

Article in The West Australian this morning on IOH saying that the banks are prepared to stump up half of the required funding (approx $400 mill)and speculating that Stokes's Seven Group or Mineral Resources Ltd may do the rest.
This is obviously a major opportunity for Stokes to consider his strategy with the Seven Group and decide whether he wants IOH to be brought into the group. He has talked about wanting a Wesfarmers-like conglomerate and this may be his opportunity.
Next 6 months should be very interesting.