Has anyone heard the the audio of Ian Finch on BRR today?
The main points are:
Low cost infastructure needed for DSO mining which is stage 1.
They will be using mining contractors to start mining the DSO in 9-12mths.
-They have a mining lease in their hands already.
-They started the Environmental studies and approval process about 12mths ago, and they should be approved fully in 10 months so mining can start.
-With the income from stage 1 they will use this for stage 2 which is mining the crystaline magnetite.
-Then stage 3 will be to get Hercules BIF finalise and mined which will be a few years away.
All in all if they prove up this DSO which maybe as little as 15mill tonnes, then for 5-7 years the company will be self funded and TRF will get a nice 20% income as well sooner rather than later.
Very exciting stuff, so I can only assume Ian has a very good inkling that he will be able to ship it from an existing Port?
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Ann: Drilling begins to identify DSO , page-2
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