ttymaking right moves to break 30-40c ceiling!, page-5

That's correct Redrockgeo!

They have reduced the cut off Fe% , but with the high price of iron ore and their purification plant about to fore up next month, they will be able to convert resource that previously wasn't viable, into a profitable resource.

What is important to remember is that the same economic fundamentals, eg demand for iron ore, is currently in place in the world iron ore market as it was in 2007/2008!

This time this elevated level of iron ore demand will remain in place for the next 2-3 years before any form of correction.

And if India continues to restrict iron ore exports, it will allow companies like Territory to continue to explore and add to their resource ore that previously wasnt profitable.

This is happening all over Australia, previously discarded Gold Mines in WA, coal fields in Queensland and NSW, copper mines in Queensland/WA are now viable profitable mines, because of these significantly higher international prices for our minerals.

Have a read of this great article in the Australian!

This is where these little speccies can really become long term profitable companies!

http://www.theaustralian.com.au/business/mining-energy/first-gold-rush-of-century-ignites-west/story-e6frg9do-1225899741132