Mio's PFS valued their magnetite worth more than $12 billion over its expected 25-year mine life, underpinned by a recent maiden ore reserve (MOR) of 237 million tonnes.
We know when Atlas Iron starts drilling seriously that "Mt Bevan's" Jorc reserve will at least double in size.
So at present our reserves are approx 5x the size of MIO's giving it a price tag of $60 billion with the potential of easily doubling that.
GLTAH.....
Haw in TH, page-17
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