this is a growth story, not just about milking at the cream, but as per the current work in feasibility of rail, etc, to establish a longer term operation, with lower costs. Big reserves, big mining licence. 7mtpa The short term however, is growth to 2mtpa with nightshift plus 400ktpa mine gate. That will do well to accumulate plenty of cash. If china wants to spend its way into economic recovery, infrastructure always needs iron ore. So even with the pull back we have seen in the last few days, doubling our production, will keep the cash rolling in. And they will struggle to meet that demand from other regions for the period ahead. We would do well though to consider offtakes with other destinations.
GWR Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
