Ann: Positive PFS Results for Razorback Iron Ore Project, page-273

@dizzan
I think in context of doing a measured PFS, it's about proving viability - and I can understand this is almost a mismatch in expectation for the market, especially when we're expecting huge numbers and flashing margins.

I.e. we're better off/there's no difference in proving viability of a small maiden resource, than we would for an entire 6b tonnes of resource.

We also need to keep in mind Razorback is our flagship project. It's the initial flame, of this bonfire

And practically, the reserve is based on what they have JORC'd at the moment within Razorback. In the next steps section of PFS, they state they plan to expand this in proximal drilling programs.

@Realinvestor1
Hey man, I really appreciate your work above.

May I bother you for a rough improved case (Optimal capex/ selective mining and Nextore) annual cash flow? Based on 150 IO/2.7mtpa?

I'm trying to figure out actual payback period before we can grow.

/how fast can we expand.