RE: Wow..Mnegapur currently producing iron ore!! I think you are confusing 2.5 million tons of iron rich soil with iron ore. At the annual meeting it was noted that the iron ore will offset the soil removal costs, but it was NOT mentioned as something that would generate $70 million. I think it is more like $10 million.
What MMY needs to explain better is copper quivalent. Usually that means other rmetals, but in this case it appears to mean phosporic acid. Hopefully it is mroe metals related. In the old 43-101 revenues were only 25% from metals and 60% phosphoric acid. That is why some were not in favor.