ocean equities broker report on fmg deal, page-3

So much more upside than down. FMG even state that they wish to get the whole project going at up to 40mtpa. They will not take a decade to do this, so the ore will be (likely) mined quickly and at a time when ore prices are high. Let's say 5, 10, 25, 30, 40, as a tonnage for each year from production start - at 40/year after that IV lasts 8 years. Front load the cash flow BIG TIME.

Production from this site will give IOH the cash flow to support a JV at BS if that is what IOH choose to do - IF AQA can wait that long.

Busy times ahead for management and all we have to do is sit back and wait for the inevitable profits to follow.