IOH 0.00% 70.0¢ iron ore holdings limited

Ann: Quarterly Activities Report , page-4

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    I think the recent presentation factored in a cash burn around $20-$25 million p/a for the next two yrs (2012-2013) so it's probably not accurate to assume we would get the full whack of bank interest.

    But... Once the MinRes deal settles we are looking at over $100 million in the bank so even if you deduct $20 mill cash burn for 2012 we are talking $80 million @ 6.5% interest, delivering around $5.2 million bank interest in 2012.

    Many (probably most) explorers would give their leftie for that kind of cash flow into the business.
 
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