Well from my knowledge they would be working out first the appropriate way to extract the ore from the ground using diamond core samples this would most likely will be another year of drilling to work this out! Now I'm sure ioh has planned where they would station the dam for the wet season but costs and time is anther issue personally think they will sell out before they establish a dam system but if they do decide to keep the south bungeroo project I don't see them digging dirt for up to 5 years... In saying this, if an when ioh start producing at bungeroo I see this stock price going all the way!! In a way I hope ioh hold this project and go all the way!! In another note, I know this might sound far fetched but I think rio tinto will buy them out!! Reason I think this is because they literally surround the ioh tenement and the area where ioh are hold the richest amount of ore!! In addition rio already have a lot of the infrastructure in place around the bungeroo area... I hope my input makes sense and help
IOH Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held