What price realistically can MRD reach if they hit a commercial mineable resource, page-163

in the general vicinity of target drilling. 10.5mt puts us at roughly the same size as FEX, with definitely an opportunity to expand on that resource with further drilling.

that would put us at 10.5Mt without processing.
if management are smart they would start DSO at 45% cut off and build a plant in the meantime to process lower percentages and milk the 60Mt as much as possible until they can come up with a another acquisition to keep the ball rolling.

we could have a birth of a mid tier iron ore producer here.

happy to ride