So existing production is running profitably and once TTY gets to August hedging goes away.
But how good a resource is Frances Creek?
The recent quarterly suggests that they did a fair bit of drilling, with results to comes, but right now we're got this:
"The total Mineral Resource including all deposits now stands at 9.92 million tonnes at 59.3% Fe at a cut-off of 55% Fe, comprising Indicated Resources of 6.45 million tonnes at 59.3% Fe and 0.10% P, and Inferred Resources of 3.47 million tonnes at 59.5% Fe and 0.12% P."
Can they grow it?
Add to My Watchlist
What is My Watchlist?