Yeh. But the company and Intersuisse are pretty confident on it. I suspect they'll start off with a 1mtpa operation by 2010, and using the $$$ to upgrade rail to a 11mtpa operation as highlighted by Intersuisse in the report.
11mtpa is huge. I think AGO are only at 1mtpa or thereabouts.
Its they get to 11mtpa, watch out!
11mt @ $60 margin = $660mn profit per year
Mkt Cap tiny
last chance for cheap 2010 hemitite prdcr shrs, page-5
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