RHK 4.35% 72.0¢ red hawk mining limited

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    From page 3 of announcement 17 Jun 2009 14:55 Iron Ore Activities Report No 26

    "Development Scenarios
    Although a multitude of development scenarios have
    been assessed there are two broad scenarios which
    present feasible options for further study.
    The first of these broad scenarios is the sale of product
    to an overseas third party. Such a sale requires
    installation of significant infrastructure to process,
    transport and ship the ore to an off shore destination.
    A significant component of the cost involves
    establishment of a rail line and port infrastructure.
    The second scenario is the sale of product to a local
    third party. Sale of product to local third parties
    removes the requirement for rail and shipping
    infrastructure."
 
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