Anglesey Mining's Jo Battershill joins Proactive to talk about results of a pre-feasibility update for its Grängesberg iron ore project in Sweden.
He talks about its 'wonderful history' and now the study envisages production of between 2.3mln tonnes and 2.5mln tonnes of iron ore concentrate per year.
The post-tax net present value of the project rings in at US$688mln and the post-tax internal rate of return is set at 25.9%.