Ann: Magnetite Mines Confirms Benefits of Expansion at Razorback, page-5

It’s outstanding to see our companies future outlined in greater detail. After a first quick read there is a LOT to be happy about in this announcement and I'm sure there’s more once I’ve read it in depth.

Higher NPV

Much much Lower break even price of 40/t which is only $1.52 above the 15 year low of which it was only there for a month.

Yes higher Capex eventually but a staged build up is perfect and paid off in 2yrs.

Im sure there will be robust & healthy discussions had over the next week or so about all of this.