Ann: Investor Update, page-2

I like the investor update
In particular the mine development drivers item 2 ML6467 sale strategy
First time this action is proposed or aired.
No company has partnered with IRD because they can't buy it cheap enough.
IRD directors have a vicelike grip.
The likes of Fortescue cannot steal it.
It would make little difference to IRD whether they control ML 6467 or not.
If sold they would turn round and do more drilling at Hambidge and prove it up for a mine.
IRD declared in AR 2011 that they halted drilling prematurely at Hambidge because Murphy South had a higher priority.
IRD has been meeting minimum exploration drilling to keep the tenement. Resource totals are creeping up.
Then there is Gawler.
It is not unusual for a project of this size to take 10 years to reach fruition.

The key now is developing the Port and clipping the ticket for every ton of iron ore, grain, and hydrogen that is loaded.

Watch this space.