Purpose of this presentation is to remind holders this is a...

Purpose of this presentation is to remind holders this is a multi-billion dollars project and off-take agreement negotiations are ongoing.

Anyway, as I said before this project of $6bil NPV at 62% Fe price of USD $120/ton will be not ignored by the big boys of iron ore.


Note: at current IO price (62% Fe = USD $120/ton and 65% Fe = USD $240/ton), NPV is around (240-85)/10*$565mil + $1.432bil = USD $10.2bil = AUD $13.5bil.