iron ore is $135/t, but thats DMTU - dry metric units
this has to be multiplied by 57%, with an appropriate discount ,as lower the grade goes, the less it is worth % wise
so the iron ore price bc iron will get is about $75/t.
cost is $42/t. if costs go up, theres not much margin atm. i reckon holders should sell or lighten holdings and move into fixed interest
scoping study released, page-22
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