News: IMA Image Resources NL Seeks Trading Halt, page-4

Prioritizing Yandanooka Construction

Based on the company's recent presentation, it seems to me strategically beneficial to prioritize construction of the Yandanooka project over Bidaminna.

Here's why:

Shorter Construction Time: Yandanooka boasts a significantly shorter construction duration compared to Bidaminna. This translates to lower upfront costs (assuming) and a faster path to generating cash flow.

Potential Debt Avoidance: A quicker turnaround on Yandanooka could enable its construction to be funded by existing Atlas revenue, potentially eliminating the need for debt financing required for Bidaminna.

Operational Efficiency: Yandanooka's lower strip ratio offers an additional advantage. It allows for faster loading of materials onto ships, improving operational efficiency.

Conclusion:Prioritizing Yandanooka construction appears to offer a faster path to cash generation, potentially lower overall project costs, and improved operational efficiency. These factors would be a significant benefit to the company.

And hopefully, Gina Reinhart and other big investors will look at IMA with interest !