"little processing"?
"DSO"?
Did you not understand the anouncement at all? Crushing and grinding to 100um is not DSO, my friend. DSO would be digging it up and chucking it on a truck. What IXR have is what's called a magnetic separation plant, WITH an added copper flotation circuit AND a pyrtie stripping circuit. It's hardly DSO, and with the amount of buggerising around to get the crud (apatite) out, it's hardly "little processing".
Look to a AUD$60-80M capex bill and a (short) 12-18 month build time, after they get their EPA approved. Mining in 12 months, I've heard it all before...but a flotation plant called DSO is utter caca.
a valuation model fyi, page-18
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