query: is mbarga nabeba viable?, page-7

Hi nobullnotOzzie.

I thought it was announced that the payback period for phase 1 was around 18 months of full selling.

The phase 2 Itabirite is directly below the DSO.DSO around $20 to $22pt.
Compare all others with beneficiated iron ore and you will find SDL to be just about the cheapest around at around $40pt.
The Itabirite comes up to 66%Fe and 68%Fe as Concentrate and Pellet Feed.

China wanted Hanlong to work with other Large Chinese Steel Mills Etc.Hanlong did not seem to want to hand over to other Chinese Government run Companies or work with them in a JV.

For a full Chinese takeover they have a problem.
The Chinese do not know how to progress and run an Iron Ore Company.
Look at the Pilbara and Sino joint venture with other Chinese companies running the show. Date lines run out and cost blow out that only the Chinese could afford to have.
They are even fighting each other and talking of taking each other to court. Something like $2.5 Billion cost, blown out to around $10 Billion I believe.

Regards
Westcott.