IOH 0.00% 70.0¢ iron ore holdings limited

ocean equities broker report on fmg deal, page-5

  1. 630 Posts.
    Understood - but they will take a few years to ramp up to 40mtpa.
    The speculation in the report is up to 5mtpa for the first few years in a trucking operation while de-watering etc was being sorted. So the extra four years is in ramp up and development. ie while they are only mining 5million tonnes they defer the 35million extra until the next year.
    Okay?
 
watchlist Created with Sketch. Add IOH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.