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
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