100 mt to cut best deal bhp rio fmg

$55 million company.

The FMG access lease which connects Cloudbreak to the highway that runs through YML property,has been sought by FMG to secure power and water. Power from the distribution on the highway..... and water from local creeks at Marillana.

YML maybe can upgrade the access (track).....to carry iron ore to the FMG rail.

A large 100MT proven resource is necessary to play off FMG and particularily BHP.......this is obviously signifcant and I understand BHP may not be keen to see FMG become involved. Suggest to BHP a conveyor will be constructed alone this FMG acces path....25 kms and is a real option.

They will seek, as large a JORC as possible, by drilling until the start of the wet season. That way the best deal possible can be put in place. BHP/RIO would not consider construction of a new rail siding for 1MTPA....but what about 5 MPTA or more.

No other iron ore exploration company has anything like
growth upside potential. No takeover will be considered at these price levels. Interest and offers to fund assist from China backed interests. River or alluvial overburden comprises loosely compacted soils.....easy to remove with open cut methods. Overburden gets replaced as FE ore is mined.

All of the 100MT is suitable for sale and export....not half as one poster suggested.

Ask any questions whatsoever.