Ann: Maiden Ore Reserve for the Razorback Iron Project, page-99

People are loosing their sh*t, however have completely forgotten that Razorback is only a part of the complete picture. Anyone heard of Ironback Hill & Muster Dam?

Yes it has been said over and over PFS end of Q2 2021, however even the timeline posted by @BT this morning shows PFS edging into Q3. I was hoping for a continued run like everyone else, but its been said plenty of time before that no SP is green ALL the time & between now and production there will be days that test holders resolve.

People are also commenting on the 2mtpa, yes i'm sure most including myself would be keen to see it higher sooner & i'm sure if the opportunity presents itself it will be increased. This is also one area the company has been quite clear on, small start up with a view to expansion. Crawl ---> Walk ---> Run. Get it right from the start and we'll end up with a well oiled machine.

Low start up costs also IMO reduce the need for a CR or at least a smaller one, smaller loans, which is all more beneficial to all of us SH.

We have no idea what is happening in the back ground, wether it was in or out of their control. Yes it may have been "nice" to know that the PFS wouldn't be out today, were their hands tied? In due course we may find out what caused/why the delay or we may not. Don't forget some of our biggest SH run the show, so do you think that want to see their own investments/profits be hammered?

Whats changed?

Company fundamentals - not that i can see
Resource size - nope
Resource quality - top shelf
Proximity to infrastructure - no the mine hasn't moved
Friendly Jurisdiction - Yes & Sure isnt Africa (Just ask RIO how much fun this isnt)
Management team - still there
Exclusive rights to next gen tech - still us for 4yrs
I/O price - yes it keeps going UP & UP
I/O demand - refer to the last point
Clear indication of major start up production levels, strip ratio, costs & NPV - just provided
Short term holders dumping & long term holders topping up, better SP stability?

I'm sure there are plenty of other points that i've missed that much more learned people on here can provide explanations to.




DYOR