Vale posts surprise loss, page-42

Hi Colonel B Ron.

I also have been in the same situation with promises from companies who were wrong in assuming.
You say SDL figures are rubbery, the figures that I posted. Those figures have not just been gone over by SDL, they have been gone over by Companies doing the Rail Study, Companies doing the Port Studies, Companies doing the Mine Studies, others such as Brokers etc.
I imagine that Moto Engel, Noble Group and any others looking to invest in SDL and its Infrastructure would have also gone over the entire costing spread sheets.

I was replying to your quote about rubbery figures. I did not say that things could not change in costing's. Costing's can come down, in fact SDL have said they expect costing's to be lower when production starts. Costing's could also go up. No one is disputing that.

I am asking you to give your spread sheet costing's on SDL that say SDL's costing's are rubbery on what they are based on. SDL costing's are based on value of the US$, Iron ore price at a certain price, Infrastructure build prices they have been quoted and so on.

Give your costing's here and we can see how they compare to SDL's when the time comes.

Regards
Westcott.