HIO 3.23% 3.2¢ hawsons iron ltd

I too am confused about this because I know little about Iron...

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    I too am confused about this because I know little about Iron ore mining and the intricate details and terminology.

    But this 400Mt figure was "set in stone" some time ago I think:

    https://hotcopper.com.au/data/attachments/4445/4445335-5a5dcb689af3bb5f12a19d7977c9aa20.jpg


    Is the 400Mt how much Iron is in the ground and the 20Mtpa is how much we take out of the ground each year?
 
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