So we are more than US 50 above the DFS US 90 that would make AUD 30 million profit over 2 years.
So in rough terms US 50 x 1.6 million ==US 80 million /0.75 == AUD 106 + 30 == AUD 146 million over 2 years. Will be short of that but order of magnitude estimate.
First ship loading Monday.
Ann: Venture Books First Shipment - Riley Iron Ore Mine, page-420
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