My offer would be to not equate size of a company with experience/know-how on a novel operation as magnetite.
It would also be worth noting why costs have blown out at iron bridge - take a look at their location and scope.
Its 22mtpa of an operation in the middle of f-ing nowhere, and a red rock miner decides to give magnetite a bash - now they're considering asking a contractor to finish the job.
What does a contractor have? hopefully more experience in magnetite.
What does our team consist of?
Portions of our management have been sitting with the technicals of razorback for over a decade.
That's a lot of study time.
We're probably more informed on magnetite than the rest of australia at the moment,
barring ASX:GRR (who are very, very successful and about to increase their annual production with magnetite cave-mining method! They're in tassie - check em out. BTW... they recently gave a 10c special dividend - even though they only produce ~3mtpa at current/).
Also worth noting our much more compact and 'neat' operation - smaller scale startup, just to get the ball rolling.
they're putting in the work very diligently now, sot that blowouts don't happen down the track.
it's absolutely fantastic, and may i offer that as shareholders its what we should be asking for.
In Peter Schubert's own words - "We're going to get this mine started"//
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