Assuming is not the way to invest. Unfortunately there is no way that its A$6/dmtu, so you'll have to come to terms with the situation. The shipping cost has been massive and the new method of shipping by Supramax vessels will improve the situation marginally.
The laydown will also incur costs as well as longer lead times for payment.
The costs of producing is double the price that they're selling the Mn ore for.
Its a case of going backwards.
Ann: Quarterly Activities Report, page-8
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