The market do not realize the huge price increase of pig iron...

The market do not realize the huge price increase of pig iron since scoping study released march 2009.

Scoping Study march 2009:
http://stocknessmonster.com/news-item?S=IDO&E=ASX&N=441601

The Scoping Study shows an NPV @ US$847 million assuming sales US$350 per tonne for pig iron respectively from the production of 1 million tonnes per annum. On march 2009 (scoping study was published), pig iron price was 366 US-$/t.

On Dezember 2010, pig iron price was 421 US-$/t.(Free on board brazil)

http://www.steelonthenet.com/files/pig_iron.html

So, the NPV increased from US$850 million to about 1,2 - 1,5 billion US$. An increase of almost 70% !

Look: (source: Indo Mines HP)



As I said. The market do not realize the huge price increase of pig iron since scoping study released march 2009. But in june 2011, a new feasibility study will be published:

A feasibility study assessing the potential to initially produce 2 million tonnes of iron concentrate per year from the Iron Project is scheduled for completion in June. (...) A feasibility study for the pig iron development will be completed in the next 18 months.

http://stocknessmonster.com/news-item?S=IDO&E=ASX&N=526670

Open your eyes guys. Big things are coming.