so will we ever mine, or simply develop & sell, page-5

I would not be surprised if FMG action the Iron Valley deal earlier rather than later, but the possible delay is that they are waiting for all the IOH work, environmentals etc to be completed. I guess any clues would include opening of bids for contracts etc...

FMG are expanding to 155mtpa no matter what, and I think they will then seek to get any magnetite activity up and running after that.

I am surprised any shares were sold below 1.60 as (re the Foster comment earlier in this thread) you would think someone would snap them up.