I note the mine properties including deferred stripping figure and also the somewhat factored in forward assumptions for the Flux pellets over the next 5 years.... but
The Reserves at 90 plus million tonnes dated December 2016 is a great result!
December had the recent lows in ore prices. These prices would have had some bearing while revising the future Reserves.
Therefore by this Reserve release it is believed that the full Reserves can still be economically processed for a profit!
I note the mine properties including deferred stripping figure...
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