Ann: Metallurgy Confirms Flowsheet and DR Pellet Feed Potential, page-47

Personally I think this is finally starting to come together after getting through the Consolidation and the recent announcements (Comformation we can produce Premium Grade DR Pellet Feed Concerntrate) & the Renewable Grid Power ann although Non Binding of corse but we know positive discussions being held.

I'm not fussed at current SP, for what we know to date its probably close to the mark.
However the announcement we're expecting end of month (Optimisation Studie and Recommended Go Forward Development Position) is as we all hope for we'll see a SP re-rate.
As Major Binding Agreements and Contracts are Signed the big Fund Managers will want their share.

I'm accumulating as can afford and are well in the RED, think my break even after Consolidation is now $1.20

Just a few points to highlight the the potential here.

- 110km Strike Length
- Renewable Energy Supply
- 6 Billion tonnes >68% High Grade Concerntrate
- Conforming Grade to produce Direct Reduction Pellet Feed Concerntrate
- GFG Alliance MOU for Port Services
- Existing Rail infrastructure connected to Port close bye with in 50km of Razorback

Still early days with a lot to work through I understand but hard not to get exited.


My personal thoughts only