re: Ann: Pre Feasibility Demonstrates Profita...
Fairly ordinary market response to pre feasibility numbers to the say the least with IFE back to low $1 supports, DOW definately not helping things. Numbers confirm IFEs project as a very low capex and moderate opex compared to most other DSO projects in WA, see list below. Resource upgrade is still to be released.
Regarding funding, again with small capex, tight share structure and management options suspect focus will be on an option with the least dilution, so likely pre-sale or other agreement sometime after March.
For example BCI/FMG received US$50M upfront to cover capex recently for their planned operation.
IFE/TRF
2Mtpa from 3rd qtr 2010
truck and rail
~A$10M capex
~A$51M opex
GIR/HAO
2mtpa road haulage to port hedland
A$49.5M capex
A$47.8/t opex
production 2nd qtr 2011
MOL
1Mtpa from 2nd qtr 2010
road haulage
A$12M capex
A$46/t opex
40Mt@ 57.3 Fe
6.1Mt @ 59% Fe
BCI/FMG
3Mt from late 2010
Road and rail?
A$43M capex
A$43M opex
50.7Mt @ 57% Fe
Ann: Pre Feasibility Demonstrates Profitable Low , page-15
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