Yeah, correct @Robot42. May not see anything from MIN re Ashburton until at least mid 2024.
Also, a reminder that IV still has an ore reserve of some 52mt so there appears to be a bit of life in the old girl yet......
With MIN's current production rate of 4-5mtpa, that's around a 10yr mine life for IV. And given the agreement with MIN sees BCI earn a much higher rate when the IO price is higher, and also allowing for the common thought that once China get their COVID under control that demand and the price will increase, I'd be certainly inclined with sticking with the old girl for the next couple of years.
Trying to bully MIN into 6mtpa would be ideal, but likely.....???? At current pricing, I'm not that concerned, as long as once the price rises, MIN get cracking at IV to up the production rate.....
Ann: 2022 Annual General Meeting Chairman's & MD's Presentation, page-19
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