Surely this means we'll become a producer - Fortescue say they intend to move rapidly to production - we'll just pay our proportion of the rail spur costs and start loading the ore.
They say their new deposit adjoins IOH's Iron Valley and it will probably increase above the announced 1Bt.
Our 240Mt equals $24bn profit minimum at today's prices.
What will the IOH share price be midday Monday? I know it won't be $1.70.Maybe $2.70, $3.00?
Surely this means we'll become a producer - Fortescue say they...
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