Ann: Notice of Annual General Meeting/Proxy Form, page-6

That was a good find @I Wish. It probably wouldn’t be too hard to extend the Hancock proposed spur line on to the RH Blacksmith deposits. It probably won’t take Hancock long to work out that their cost of moving RH IO would be about US$30/t less than RH’s proposed road haulage solution. Not only that it is likely that a grade of less than 60% could be economically viable and extend mine life. Also, let’s not forget the additional resource not yet added to the Blacksmith total for three other deposits.

BTW. US$30 x 175mt = 5,250,000,000! Yep, over US$5 billion!

US$5b = AUD 7.87 billion!

Same could be said for other nearby IO companies? Watch this space……