Brazil is going to get burnt either way.
Dargues shuts next year, never made a cent. Ongoing costs will be any ones guess.
Hera is at the end of the road.
Peak is operating at 2%.
Oh but wait Federation is going to come on line and we are going to cart it to Peak to utilize the mill to full capacity.
I have not done the transport cost's on Federations production, It will be huge either way.
Robbing Peter to pay Paul will occur for another 3 or 4 years.
Ann: Federation Project Update, page-7
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