45c less 32.5c = 38.5%, page-23

Hi haemitite.

I thought the iron ore mined in China was very low grade and very deep under the surface,in fact in a lot of cases around 1kl or more under ground.
I also thought I read that iron ore in China cost around $150 per tonne to get it to the steel mill furnace.

I stand to be corrected.

SDL Concentrate and Pellet's were to be also bought by the Arab States.

Regards
Westcott.