Mt Mason is DSO but small but will be quite profitable at current prices
From an article I found"As a reminder, Mount Mason is a small high-grade hematite mineralization project with a total resource of 5.9 million tonnes at 60.1% Fe."
Mt IDA is magnetite, not DSO and requires > $1 Billion to develop, currently I dont think there is 10m tons of unused capacity at Esperance (the proposed annual output from Mt IDA).
Dilution from any CR for a MT IDA solution would be massive unless you where willing to pitch in.
Interesting to see how this develops, at the moment I dont intend to apply for new shares but will obviously happily accept the free ones.
Ann: IPO of Juno Minerals Limited, page-33
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