Well the announcements are coming quick and fast now.
Looks like we are set to produce next year albeit at a lower margin, however beats building the infastructure for now.
I would say this option will be for a year or so, as I am sure Port Bonython will get approval soon. However even at $20per tonne profit assuming no rises in the price of iron ore till then (which I doubt) then $40mill EBIT less $8mill to TRF is nothing to sneeze at.
I would say it will only be a matter of time before the PFS comes out and of course an offtake agreement.
Very exciting times ahead and the best thing is it will all happen within a year.
Ann: Iron Ore Port Deal Marks Major Step , page-2
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