Interesting, GC said that the itabirite resource has not been...

Interesting, GC said that the itabirite resource has not been drilled at depth.

He said the Geo's suggest that the resource could be around 9 billion to 13 billon tons.

(Peviously this itabirite was quoted by Sundance as being able to produce high grade IO concentrates at cash cost of $42/t; lower than AGO, MGX and BCI DSO)

13 billion tons of itabirite turning out concentrates at $42/T when some of China's depleted domestic mines have a cost as high as $170/T according to RIO.

This would imply a 100 year resource.

Hmmm..