Mozart, this is definitely good for aspiring io producers. With...

Mozart, this is definitely good for aspiring io producers. With Chinese urbanisation forecast to last decades, it doesnt take an expert in macroeconomics to realise IO juniors can significantly benefit from growing demand and cost.

For BRM specifically, you only need to familiarise yourself with the PFS NPV results to understand the significant impact higher IO prices have on the Marillana project.

The long term forecast IO prices resulted in an NPV of $1.6B (though this included a more generous exchange rate than currently available) to a potential $4B dollar NPV at 29th July 2009 spot prices. This shows the dramatic effect higher prices can and will have.

Higher prices mean it will be far easier for WR to finalise off-take deals and project financing.