re: Ann: Excellent Iron Results at Bencubbin ... but it could be...

re: Ann: Excellent Iron Results at Bencubbin ... but it could be economic if it remains shallow and gets a bit thicker

strike length is 14km

8km x 600m wide x 10m thick = 144 million tonnes

10km x 800 m wide x 15m thick = 360m tonnes

12km x 1km wide x 20m thick = 720m tonnes

so 200mt could be enough for a small operation, mining 5mtpa and producing 2mtpa of saleable 70% iron ore concentrate

it is shallow but so are other deposits

for 5mtpa mining operation, the CAPEX could come to $150m or more

see: http://asx.com.au/asxpdf/20110509/pdf/41yjw3v2gc78vn.pdf