a not so comprehensive update, page-49

CK

Not sure what you mean "If this sea wall or expansion doesn't work"


I have written previously about expanding the seawall out into the water, I believe that 123enen was a fan as well. It is relatively shallow.


To access more of the orebody, more width is required, a seawall shift combined with a highwall cutback will allow for this easily.


It is not an experiment, it will be a known result before they start. I cannot see how it would "not work"


The highwall cutback waste could be used as filler for the seawall... win win. The ore contained in the highwall is just a bonus, or could be used for blending the high grade down to 62% Fe depending on the ore price at the time


Funding would not be too hard to come by really... 15 to 20Mt at say $23 prepaid would be about $345M to $460M.. Could this "not work" ?? Although I believe it would be a staged operation.


To put it into context,


15Mt at say $140 = $2,100,000,000


15Mt at say $110 = $1,650,000,000


15Mt at say $80 (for the Fe bears) = $1,200,000,000






69.3% Fe hhhmmmm

Looks like the shiploader will be staying put for the foreseeable future.