india attracts australian iron ore minnow, page-8

this is from NSL's conceptual study on MINE 1 ONLY.

""Conceptual Study completed on southern Indian iron project indicates a project Net Present Value range of US$94m to US$105m over a mine life of 12 to 17 years.

This NPV is based on assumed production ramping up to the optimal mining rate of 960,000 tonnes per annum from 2011 until 2025, working with an exploration target of 11Mt to 15Mt, Mr Goode said.""

so once they get a hold of a couple of more mines , the aim is for 5mt per year in their 5th year.