THink they are aiming to produce around 2.2MTPA so going by them converting resources into reserves thinking they ave around 4 years of production left, admitedly its not a big reserve currently although they have lower grade ore than can be benificated over and above what they report.
"As at November 2009, total Indicated and Inferred Resources at Frances Creek were 9.5 million tonnes at 59.4% Fe with Probable Ore Reserves of 4.6 million tonnes at 59.9% Fe"
http://www.territoryresources.com.au/projects/frances-creek-project.html?127e2c5b5ed1879d3ed704923ee0c81e=9f2dfae01da8899486a47594bf57f4ef
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Peter Batten, MD
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