Ann: Mineral Resource Estimate Update, page-87

You do suppose that the 20Mtpa Deepwater is a possible non event - that is what I have been saying all year. A lot needs to come together nicely for it to happen which I hope it does. Many on here are blindly optimistic on that.
As far as retreating to the top of the gulf ports, I am NOT convinced that any combination can achieve 10Mtpa (with demand by others for port capacity) and I strongly suspect that HIO management does not either which is likely why they have gone for the even longer odds of the Pipeline and deepwater port.
Reverting to upgraded rail is also an option but also messy. Whatever, I am not at all in the camp that believes 12months to production from the completion of the BFS. Most here need to get real - a reality check.