Thanks Barrabob for the AFR post. This is the best informed...

Thanks Barrabob for the AFR post. This is the best informed article I have read on Energio to date. It highlights the massive potential of this company and why its only a matter of time before this stock goes into orbit.
Have a quick look again at some of the key points highlighted in this article.
*Production costs are estimated at around $50 per tonnne.
*Maiden JORC by start of 3rd quarter.
*Bankable feasability study due around the end of the third quarter.
*Infrastructure largely in place for quick start up to production.
*Drilling to date has exceeded managements expectations and so likely that the initial JORC will be well in excess of the 500 million tonnes (thats 25 years at 20 million tpa.)
* Burston and Co. have a proven track record proving up valuable iron ore assets that are ultimately being taken over...but not necessarily this one...he wont let this one go without a fight! For a good reason!
Crunch the numbers and it is staggering!!!
At current iron ore prices with estimated operating costs of $50 per tonne, inside two years EIO could be in production and making $1.8 billion per year.
At the ultimate target of 50 million tonnes per year that figure rises to $4.5 billion p.a.
EIO currently has 245 million shares on issue and even allowing for an issue of another 100 million shares to cover the cost of funding the BFS inside 2 years this company could be earning its shareholders $5 per share p.a before tax at 20m. tpa and eventually $12.50 p.a at 50 mtpa.
Starting to sound like the biggest thing since sliced bread yet.....wait there's more. This is from only one of a number of highly prospective leases EIO holds and my feeling at the last investor presentation was that a few "wildcat" holes might be drilled in the other leases just to add a bit more blue sky during the current drilling program.
Roysolder has asked the question how much the railway extension might cost. I have dug around on the internet but without knowing the terrain and how many bridges are required etc a figure of $5m per mile seems a safe bet to cover any unforeseen circumstances. Getting the excavators, trucks etc and plants back up to speed along with the rail extension and I still struggle to get to $1.8 billion which is still only one years gross profits!
My long held prediction of $2 per share by the end of September this year is actually very modest considering the above numbers.
The weekend Financial Review might just be the catalyst this stock needs to take off but my gut feeling is the mere mention of positive metallurgy results will light the fuse.
This story will unfold rapidly from here on in...good luck to all (soon to be wealthy) shareholders.