IOH 0.00% 70.0¢ iron ore holdings limited

fmg option to license iron valley, page-6

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    so my guesstimate is that if this comes to fruition it generates ~20 million per year. Does this seem about right or have I over/underestimated?

    If it's right, then by itself it's good but not stunning. It does underwrite further expansion though. And it's low risk income.
 
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