Gary still says he will take FMS to production, liar liar pants...

Gary still says he will take FMS to production, liar liar pants on fire


According to Flinders, it had been largely "business as usual" for it while the MMK bid was being processed. The junior had continued to progress its studies to develop the flagship $1.1 billion West Pilbara iron ore project.

A pre-feasibility study has estimated the mine could produce 15 million tonnes a year of ore at a cash operating cost of $35 a tonne.

"Flinders' strategy has always been to focus on developing the Pilbara iron ore project and that hasn't changed," Flinders managing director Gary Sutherland said.

source http://www.theaustralian.com.au/business/mining-energy/russian-company-backs-off-flinders-mines-deal/story-e6frg9df-1226416144393