CRI 0.00% 1.2¢ critica limited

Can also check Iron Road's, (IRD), intentions to concentrate...

  1. 758 Posts.
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    Can also check Iron Road's, (IRD), intentions to concentrate into pellets their large Magnetite resource on S A Eyre peninsular to approx 67% Fe. They are still a couple of years away from production, but have big govt supported plans. They still have to build a completely new harbour, for multi purpose products, inc hydrogen, so Burnie is a very attractive advantage ready and available for VMS, even if our IO is a small short term resource. Still great to have this Tas Port "on call!" I gather too from AR interviews, that he is well aware of the production processes to treat all metals at Mt Lindsay, along with the recently developed and more efficient sorting and concentrating methods. Much better than 5/10 years ago. This should give VMS better cost efficiencies, from what is presented. The plan just has to be executed.
 
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