I personally think they should go back to their dividend policy...

I personally think they should go back to their dividend policy even if it is say just slightly more than 50%. It is then a balanced policy and lets be honest we do not need to rush opening new sources of iron ore. steady but surely we can get 3 or 4 new sources of income opened. Iron ridge I still think is still a good 4 to 5 years away as they will likely find small additional areas lower in the deposit. Also a question not asked is... Does the deposit extend with depth as still hermite or does it become magnetite like most other rescources. So there is potential to keep sinking new drill holes to test depths slightly deeper than before more effectively.