shilohap, you got me interested on this one some time ago, but I have been holding back. I just have 10 grand left to invest so I have to make the last one is a winner.

I think the capital cost of developing this site is in the order of 3 to 4 billion(correct or not?) and it will take some time. I don't know to much about the price of iron ore, but they would have to ship a hell of a lot of ore pay back the 'mortage'. Do you have any feel for planned annual tonnage, cost and price?

When in production, do you think they can mine and ship all year? ice, polarbears.