500 m tonnes, page-6

Hi Alan,

I don't think it's sensible assume that there will be the same amount of overburden across all tenements. It might be more or less, just like it's not possible to assume total tonnage of iron ore in the tenements without having drilled.

Also regarding FMG, sure they have a lot of land and a lot of undiscovered ore most likely, enough to keep them busy.

But that doesn't mean others cannot run a similar business if the scale and quality of the resource is good enough.

There's plenty of people who want to buy cars, but General Motors is not the only car company.

But there are a lot of obstacles to overcome if they ever were to proceed to production of course, which is why the MC is effectively 33c/tonne at 13c.

Have had an order in at 12c since 16th of July, got filled today.