any holders , page-8

Note that the BFS NPV after tax & interest was $125m -with current soi of 500m = valuation of 25cps...

Other interesting assumptions include iron ore prices to remain at current levels until 08/09 = 3 years and A$ =70C US$...

Certaintly if these assumptions prove valid then other iron ore producers will benefit substantially.

Also note there is also the risk that further shares will need to be issued with only $17m in the bank .. BFS provides no detail of financing assumptions.