Remember this email i send to FMG....LOL All going well thanks...

Remember this email i send to FMG....LOL

All going well thanks and hope all good on your end.

Pretty comfortable at 170mtpa and have plenty of reserve and resource available to deliver into this rate for many years.  Important thing for FMG is optionality to produce a higher grade ore which is why we are looking at Eliwana as the Firetail replacement – good grades and provided flexibility depending on market conditions.

My limited understanding is that Atlas would not deliver improved grades and there is a significant amount of infrastructure which still needs to be built to tie these areas into existing infrastructure + the acquisition price of AGO.

Can’t speculate on MIN’s position and outlook for additional production or iron ore prices.  Numbers I have seen in the press on cost bases + acquisition cost of AGO + requirement to tie into infra don’t make it look that attractive when comparing to existing FMG assets.

LOL