Ann: NBR Iron Project Update, page-524

yes Chris also if you look at the price of iron which is around 155 us a ton compared to when it was operational in 2014 and the iron was 100 a ton. Now that tine was trading at 17c h8gh and ut sat around 12c and no other projects. Now its a different story as mentioned 155 us a ton with 75 cost that would allow shh of a turnover of 37200000 mil us a year based on 240000 tonnes moved and a net profit of 1800000 mil a year. Using some of that money in funding the other projects and hitting up gold then were in a different ball game. This is going to be hard to tell?? Look at grange asx trading at 30c. I truly believe based on quality of ownership and management that we have we could truly be up there in the 30s and even higher based on the gold projects. Lachian project is a great one. Yeah I believe we could be well in the 0.08 0.09 just leading up to approvals.