The " development" has all been put in place by Sentient.
They have form for bringing in mines in the past.
We are not in the midst of a resources boom.
Half baked possibilties of profitable mines are not being touted.
Post boom soberiety is in the air.
Nothing is going at frantic pace.
It is 8 years since the listing of IRD
Peer review of the project has been the order of the day.
IRD have been as sucessful as BHP in driving down costs.
They are bottom quartile. [if the mine comes in on budget]
They will use loaders of the same scale as Germany uses in its lignite mines.
These are better than Catterpillar dump trucks of BHP [even if unmanned]
The Chinese are simply supplying the grunt. [at the press of a keystroke]
In 2 years we will know who has the right call.
IRD Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
