Ann: Goulamina Project Mid-Term Status Update, page-49

I beg to differ. The price and cost difference will make night or day. You are making very subjective assumptions with weak evidence. If the cost is US$400 then how could LEO maintain DFS SC6 costs of US$312/ton? And if LEO cannot make good money from DSO, we are talking about shortfall of almost AU$100m here. CAPEX is not small then. And we are only half way to the production, further costs blow-out is possible.