InI assume that they plan to blend lower grade Shine ore with higher grade Iron Ridge ore.
So, the LOM of Iron Ridge is extended because you bull out the tonnes with Shine Material.
On your assessment of remaining Iron ridge material, if you increase output to 2mtpa with 1 from Iron Ridge and 1 from Shine you have a seven year mine life producing 14Mt,
if you can still average $50/t that would be $700m. Kerching!!
Ann: Acquisition of Mid-West Iron Ore and Port Assets, page-19
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