I said "over 50 years", not 60 years.Firstly he asked "how many...

I said "over 50 years", not 60 years.

Firstly he asked "how many years of mine life left" not asking for a financial business case.

if you're only going to look at our operating properties then sure, FMG is out of iron ore in 10 years.
looking at all the tenements we own, my estimate was over 50 years is closer to reality, FMG isnt going to disappear..

Hematite
Reserves: 10 years
Resources: 71 years
My estimate: 50 years.... seems reasonable.


But even those existing mines keep increasing, e.g. The Solomon Hub actually increased in 2022 by 115mt. So its not quite as simple as the standard formula you have.
Iron Bridge official statements are over 20 years, and resources keep growing.
Plus G A B O N, plus new undrilled tenements.