It wasn't long ago you rubbished mgt's anns , Dr McDonald(PHD) cost reporting and now mgt's anns are the flavour of the month. A standard for the Pilbara.
On the question of beneficiation, your reply doesn't address it!
BCI are recovering cost, FMG is beneficiating the ore with it's own and selling it at a profit.l Better than you can do withPLV.
Todd can get PIOP I?O to China fo $46/ton tops. Less is more likely. There putting yp $2bn and the projects leaders jobs on the line, which is consistent with major produces and proven practice. I' going with Todds figures, are have been revised and more up to date.
Deals, page-35
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