“Avima is a high grade iron ore deposit with a JORC compliant resource of about 700 million tonne of direct shipping iron ore. It is a mineralised ridge of approximately 35 km strike length rising 200 to 900 m above sea level.”
“Production of Avima's H1 65% Fe is commencing in 2019 at 3 million tonnes per annum.”
My take is that it’s high grade but low volume...but is virtually ready to ship.
Their claim value may be sky high, but they have a much better leg to stand on having developed the mine to the point it is.
It’s a gargantuan amount of money.
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