Hopefully we will see the FS and the opex numbers soon. I was expecting something close to a BFS as a good portion of the JORC is Indicated. IMHO the market is not much interested in more resource increases, although a grade increase would be good. NVI currently have about 17 years worth at 70% recovery at around the 2M tonnes of concentrate per year. BUT given they mentioned a potential $300M capex and the expected decline in iron ore prices in 2014 then the opex will need to be good, sub 50 would be great.
NVI Price at posting:
$1.08 Sentiment: None Disclosure: Held
