It is my understanding that they route to market is currently one of, if not the biggest hurdle to jump in order to complete the detailed feasibility study. It appears that at this point they do not to know which path and which port ore will travel. Once they secure rail and port they can carry on with DFS and then financing.
The Ularring hematite at Lake Giles is currently approved for development however the flagship Moonshine Hematite does not appear to be yet. I believe the DFS will include mining methodologies for both materials which means than can get started as soon as cash flows in. Get supply chains setup, infrastructure design and build and by the time they are ready to process some material the Moonshine site will hopefully be approved by appropriate channels.
MIO Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
