wa iron ore royalty hike, page-3

pete11,

When the Intersuisse report uses US$125/t for 100% Fe and a price of US$83/t for 66% Fe grade ore in 2013 for the PLV financial model (with a project SP of $2.82) and a Reuters article on Friday quoted:

"Indian ore with 63.5 percent iron content was being offered at $183-$186 per tonne including freight on Friday..."

minor adjustments to state taxes will be insignificant.

I bet Tony is loving the metrics being used in the PFS. Even conservative ones are going to be great IMO. I would also love to see Tony bite the bullet and show a higher start up production rate of at least 3 Mtpa hopefully 5 Mtpa and chase the pre-concentration tonnages. Production up front has a much greater affect on the NPV and is always worth chasing.

We only have a week left in May and I hope Tony releases the PFS early in the week otherwise it will be a long slow week for me.

Good luck LT holders