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i have read this announcement in detail. was greater than expected hence the rerating. But their Robe Exit prospect is wide spaced drilling and in "inferred" category. <55% is not DSO for this prospect. It will have to be sorted with the Kumina creek. Kumina creek deposit is very good. but 30% ownership hmm. Also production. AQA state these deposits are not part of their 1st stage of production(only Red hill and cullen). 2nd stage is not forecast until 2014-2015 at least. AQA will take 2 yrs to build stage 1 itself, and will take a while for these operations to reach steady state, before considering any expansions(2014). By that time iron ore prices could have fallen.

[QUOTE="Atma, post: 300202, member: 17185"] i have read this announcement in detail. was greater than expected hence the rerating. But their Robe Exit prospect is wide spaced drilling and in "inferred" category. <55% is not DSO for this prospect. It will have to be sorted with the Kumina creek. Kumina creek deposit is very good. but 30% ownership hmm. Also production. AQA state these deposits are not part of their 1st stage of production(only Red hill and cullen). 2nd stage is not forecast until 2014-2015 at least. AQA will take 2 yrs to build stage 1 itself, and will take a while for these operations to reach steady state, before considering any expansions(2014). By that time iron ore prices could have fallen. [/QUOTE]

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