Ann: Carbine to acquire Cockatoo Iron NL, page-5

It’s ‘interesting’ alright. BHP initially mined there in the 50s at 2mtpa at 69% - ultra high grade for a dso product. Pluton had a crack at mining below sea level with a Seawall in place in the mid 2010s at around 1.2mtpa by the look of it but went belly up.

Interested to see what’s on the tenement crb are picking up - if there’s an analogue to the previously mined ore body it would likely do well as it wouldn’t have the same issues mining below sea level, would likely be high grade and would possibly make use of the existing mothballed infrastructure.AMCI coming on board as a significant holder is very interesting - they must know something.

It’s going to need to be good with the level of dilution coming our way...