Def,
If haematite:
- If FE is DSO (high grade ~ 55% + not deep in ground) could be around 126 MT * ~ 89$ = .... u do the rest ; )
- If deep in ground - bit more complex
- impurities can also be a problem adn therefore reduce benefit/tonne
- If it is low grade (40% - not deep in ground)... 126Mt could be worth ~65$ per t + maybe cost of purification if impurites levels are high....
Also if they have 126 mt of Fe haematite high grade maybe they should product it themselves as it coudl really be worth...
cheers ; )
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