At 74c close today MIO went through the magic $100m market cap...

At 74c close today MIO went through the magic $100m market cap hurdle. Their Port agreement today is very big news - not just for MIO but also for the Southern Ports Authority and the Port of Esperance. Add this to their massive magnetite and hematite resources and reserves, their 40m tonne binding off-take agreement with Glencore, project is approved to mine in WA, rail deal signed up. This port deal not only closes the last link for route to market, it also provides a massive boost to the Esperance Port to boost its iron ore exports capacity. Their current unloaders at the Port can only do 2,000 tonnes an hour. The proposed new Helix dumper will do 25,000 tonnes per hour. That’s a 250,000 tonne Cape sized ship loaded in 10 hours.