All I can say is the calcualtions are very very flimsy.
I find it hard to beleive 6 billion dollars worth of iron ore (assume $30/tonne profit) would be given away for the cost of obtaining the approvals.
I'd love to be wrong though!
Personally I'd be happy if they unearthed 20-30 MT of direct dhipping ore.
why are we buying cfr.., page-8
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