Doc I believe that RIO is also looking to bring online some operations at Koodaideri around that same time frame 2015/2016 production.
This may involve mining the Koodaideri South tenement purchased from IOH and trigger the 2% royalty from that deal.
We haven't really attributed much value to that 2% royalty deal with RIO but it would be fairly exciting if the two operations were to come online at around the same time and IOH could draw a passive income from both operations.
Even at only 5mtpa Koodaideri could offer as much as $15 million p/a cash flow to IOH at current Fe prices.
Of course it might not happen but what if...
IOH Price at posting:
$1.35 Sentiment: Hold Disclosure: Held
