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Financial Viability
An independent preliminary review, valuation and cash flow
project of the historical data revealed:
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245.5 Mt of 25% Fe ore with $78.4 M current value to
increase as development progresses.
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Estimated 61.5 Mt of 70% Fe concentrate.
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Estimated 43 Mt of Merchant Pig Iron at $400 per ton.
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Gives a gross revenue of $17 billion dollars.
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Annual production of 1.2 Mt of
high quality iron nugget/pellet at production cost of
under $200 per ton.
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Yearly Rate of Return of ›20%.
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Low risk projections for the tonnage calculation and mining
sequence and moderate risk for new processing technology.
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