Yes, there is always that risk at this end of the market. The 2013 study showed this to be the case.
In saying that, I believe the upcoming PFS will show that we can and will be profitable.
- Iron ore is at all time highs. Some pundits tip it to rise even further.
- We have the support of the SA Government
- Don't underestimate the potential cost savings of NextOre sorting technology. I believe this will be the game changer in making our projects feasible.
- Aside from NextOre, mining technology has come along leaps and bounds since 2013. As have power/water etc techniques.
- Better management team
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