re: Ann: HAO: Mt Webber Deposit Scoping Study...
Note that GIR think that they can double this deposit - which means that the NPV will more than double.
Better still, this is small fry compared what it going to happen at McPhee Creek
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Findings from independent Scoping Study on development options for Mt Webber DSO iron ore deposit at the Daltons JV delivered by consultants ProMet Engineers;
o Base Case of 2Mtpa fully owner-operated mining and road haulage to Port Hedland
o NPV(10%) of A$170 million, IRR of 53.9%
o Operating costs A$42.12/ tonne, (A$47.80/ tonne for lease/contract alternative)
o Capital Costs A$115 million, (A$49.5 million for lease/contract alternative)
o Dry, low alumina ore, >50% lump, waste to ore ratio 0.03:1
GIR Price at posting:
$1.38 Sentiment: LT Buy Disclosure: Held
