BHP is about to commit to the South Flank iron ore project, on which ILU will collect royalties.
http://www.copyright link/business/...rade-boost-unlikely-to-repeat-20180321-h0xrv9
Excepts:
"BHP is expected to take an investment decision worth more than $US3 billion ($3.9 billion) on South Flank within four months, with the massive mine expected to increase BHP's average iron ore grade from 61 per cent to 62 per cent if approved.
"South Flank is expected to produce about 80 million tonnes a year, and was previously expected to cost between $US2.6 billion and $US3.2 billion, but BHP flagged in February that the costs would be higher at about $US45 per tonne.
Beautiful. And is probably whey ILU's share price is up this morning.
GLTAH
Ash
