I like the language, re: stage 2 "3.4 This would allow utilisation of larger haulage trucks, delivering a lower unit cost in Stage 2 and providing for growth tonnages in the future." and "3.6 the Satellite deposits could form part of the Buckland Project Stage 2 development, increasing overall tonnage feed into the Buckland Project infrastructure system".
While I know this is not really new info, it does seem to be coming together nicely. With our own road/port solution, we have the capacity to go well beyond 8mtpa. They have only stated a 15yr LoM based on 127Mt ore reserve but that can clearly be significantly increased. But that all depends on the FE price.
I also love the position of Cape Preston to Maitland, I bet that's the 3 cab off the ranks (we have the port capacity).
Also, interesting to see a couple of tenements south west & east of BS and a sizable one east of Maitland, interesting to see what they can make of it.
Overall, a slow grind but progress is being made.
Keep the faith...
IOH Price at posting:
92.5¢ Sentiment: Hold Disclosure: Held