Ann: Quarterly Activities Report, page-8

thanks Torpy.
that’s great researching. Well, it depends on the economics for 25mtpa of such low grade, obviously profitable or they wouldn’t be heading that way. I’m new to IO, so hopefully some of the experienced heads can give us a better understanding of what this means. It’s not the bonanza I was hoping for, but obviously the market likes it, as it’s given us a higher mkt cap than the higher output FEX who are already in production.
can’t remember LOM for our 1mt? I would think around 8 years or so. With some of the huge amount of cash this will throw up going to develop that higher volume low grade stuff. some for divs of course, which has also be seen by the market.
definitely needs a rethink. Hopefully wiser heads will have some good input.
cheers,
ned.