profit on fms mining?, page-47

Pelm 1

I took life of mine 10years. As I mentioned I missed the > ‘grater than’.
So 1bntons (1000 000 000) at 10year mine life is 100 000 000tons.(100mtpa )
We are obviously looking at the same table and just above the line your refering to we have
“Resource size [email protected]%Fe.”
The next line that you might be refering to states.
Producing >250mt @ 58.5%Fe.
Would you like to say how much above 250 mt there is? The Co. couldn’t.
Towards the start of the presentation the following which I copied and pasted states.
Contains large Mineral Resource of 917Mt @ 55.2% Fe
defined in accordance with the 2004 JORC Code
The Resource has not been updated since to
comply with the 2012 JORC Code on the basis
that the information has not materially changed
since it was last reported (refer to ASX
announcement dated 14/11/2011)

Further on in the presentation the co. states.
“Targeting first ore production by 2017”
I’ll stay with this until I learn otherwise, that is production in 3years..
Cheers