IOH 0.00% 70.0¢ iron ore holdings limited

Nice work Doc.I recall though (only from memory I might be...

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    Nice work Doc.

    I recall though (only from memory I might be wrong) that although the deposit is about 250Mt the actual recoverable ore is around 190Mt - I can't remember the exact number.

    So I would round that overall NPV down a little for the unrecoverable ore, but otherwise I think your assumptions are spot on and as you say they provide a nice upside if FOB is higher or the % royalty is a little higher than assumed.

 
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