I would just add that most if not all of the resources that will...

I would just add that most if not all of the resources that will be exploited in the early years are subject to the deal with RHI, but there are some further east and south east resources that were not subject to the RHIJV but still owned by the Australian Premium Iron JV. It is my understanding that those resources will be developed at a later time and will not deliver royalty to RHI. However, RHI does, from memory, have a resource number of around 800m tonnes with potential to be expanded.I figure that with a run rate of 50mtpa that all of that will end up paying a royalty to RHI. Chris Ellison has talked about ultimately producing 75mtpa from Onslow. I think the difference will be coming from the further out resources of APIJV, not RHIJV.

regards
DF

Just for those interested, I haven't mentioned that in the MinRes half yearly results presentation in late February there was an introduction on the YouTube video showing the incredible development at the old RHI tenements that were subject to the buyout. MIN has promised first ore on ship on 8th June I believe.

regards
DF