Ann: Project Update - Bekisopa and Satrokala Iron Ore Projects, page-8

all fair points, my judgement on how this is planning out is if paul, graham and the rest of them have to jump on a digger and road train to get the rock on the boat, they will. I cant see a scenario where PFS comes out and says this project isn’t profitable. At a $100 a tonne thats like $50 a digger scoop”depending on the size of course. Which can basically be done on the minute every minute 12 hrs a day times as many diggers, trucks and dozers/ graders. Labour market is cheap, government is keen, the king is onboard. In my head its gonna boil down to a bidding war of companies wanting to haul out their toys to madagascar and start making millions cause the buyers for DSO ore are already out there. how many fleets of machinery are just sitting around at mine sites doing nothing across the world. probably alot more than you would think. Strap in peoples we are in for a whirly