re: Ann: Next Phase of Drilling Commences at ... For those interested I recommend checking out the Grange Resources announcement today (GRR).
They are a high cost magnetite producer generating around 1 million tons of I/O concentrate a year, around 1/3 of EMGs targeted Phase 1 production, and 1/8th of phase 2.
Results which bode well for the likes of EMG IMO. If a high cost producer can be profitable given the year we've just been through, then what can a low cost producer do when things have returned to normal? Of course that's the LT view as at the moment obviously no mine, no production.
JT
Ann: Next Phase of Drilling Commences at Beyondie, page-14
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