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Financial Viability

An independent preliminary review, valuation and cash flow project of the historical data revealed:

  1. 245.5 Mt of 25% Fe ore with $78.4 M current value to increase as development progresses.
  2. Estimated 61.5 Mt of 70% Fe concentrate.
  3. Estimated 43 Mt of Merchant Pig Iron at $400 per ton.
  4. Gives a gross revenue of $17 billion dollars.
  5. Annual production of 1.2 Mt of high quality iron nugget/pellet at production cost of under $200 per ton.
  6. Yearly Rate of Return of 20%.
  7. Low risk projections for the tonnage calculation and mining sequence and moderate risk for new processing technology.


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