Directions hearing 03 July outcomes, page-16

The general expectation is that IO will rebound above $100 soon but not reach the levels we saw at the beginning the year. The BFS which originally made the Riley project such a lucrative mine was done at $105 per ton, which is the sort of price we can expect over the next year. Problem is the appeal prevents any activity so even if it does rise to that price there is not a lot we can do about it.

Quite rightly therefore we need to focus on Lindsay. Tin and Tg are fast becoming the gold of the the next few years with production worldwide now not meeting demand. Those countries that can get production up and running the fastest will profit the most. Unfortunately, Australia and particularly Tasmanian have made it so difficult for industry that we are always behind other countries.

UK is charging ahead....shame we aren't as smart, there is a real opportunity here.

http://www.westernmorningnews.co.uk...n-Cornwall-s/story-21207283-detail/story.html