It all depends on the amount of Fe in the ground, at 3 billion plus in five years time to set up a mine then you need a shit load of reserves if it is just a small patch of dirt then it will be flogged off to the closest existing infrastructure to get it to port.
Lots of if's, most Fe is found in ranges not in the valleys in between so you really need to see the terrain as well.
I hold and hope that they find a shitload more reserves simply because I'm a firm believer in the commodity but I did predict this ten years ago when i was in the mining game (in the Pilbara).
FDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
