* The Iron Valley Project is currently operational with TMM at 14Mtpa (wet) and scheduled to increase to 33Mtpa (wet) in 2018. Additional mining equipment of similar class to the existing fleet will be required and is planned for TMM increases from current levels.
mac, 33 Mtpa is 4 times the current level which means its 4 times the royalty?
So why is the SP not moving (or going backwards)?
Cheers.
Ann: Updated Mineral Resources and Ore Reserves, page-15
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