is china's demand for iron ore real?, page-7

interesting theory there parmasplat :)

i'm sure the chinese would lov to 'nuke' underground and pick up the pieces, would save a lot in labor costs at a minimum, but probably wont go ahead..

the numbers for Cockatoo are compelling. Assume 60MT/2(JV) of DSO so 30MT for PLV at $50/tonne profit = $1.5billion/20yrs = $75million/year profit from the DSO.

Add Cockatoo low grade
Add Koolan low grade

Add Irvine which is our bread and butter.

lets get the money, watch europe burn and then when the dust begins to settle the first shipment should be leaving Cockatoo with a China full of stimulus..

Cheers
SuperTim