Ann: Quarterly Activities Report , page-3

This date seems to match with other companies in the area who are planning on shipping magnetite. I guess this is dependant on the railway being built which would be a number of years away still. If they established a decent DSO inventory we may have been looking at around 2012/2013 but have now been pushed back. Lots of drilling taking place though so should be an interesting couples of months ahead. 2015 seems a long way away and a lot can happen to the IO market in that time and a lot of other mines will be operational by then.