hi sumayo see link below iv copied the relevant section but its...

hi sumayo see link below iv copied the relevant section but its not dated so i don't know when it was written
http://www.thetradercentral.com/2011/04/top-5-takeover-targets/

2. Flinders mines

Pilbara Junior Flinders has a large iron ore resource right in the middle of two of the world?s biggest iron ore producers; Fortescue Metals and Rio Tinto. Flinders has a total indicated and inferred resource at 747.6 at 55.4% Fe, the resource is estimated to have a mine life of 20 years with 15mtpa. It is estimated that capex for the project would only be $488 million for a production of 5mtpa which is rather low for projects in the Pilbara. Pilbara juniors have attracted interest from many Asian buyers, given Flinders location it is entirely possible one of the larger Pilbara miners would look to acquire the company.