Oracle and SW, you were both posting about IOH/BCI's Koodaideri deposit.
I checked my notes on that as well as i had read a note in a RIO presentation about that deposit. The preso was from around Aug last year (2016) and detailed RIO's plans for their current mine development options. The Koodaideri 'option' was referred to as a "greenfield replacement mine" which would underpin RIO's 'Pilbara Blend'. It stated the potential capital spend from 2019 with first ore available around 2021.
So any royalty from RIO is still a few years away...... Some cream on top of the IV and Buckland incomes!!
Why MC, page-12
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