I am not sure if anyone has an up to date iron ore cost curve. But just looking at this reference below, AKO’s cost of US$ 43 would put it below global average (US$ 54) and presumably in Q2 of the cost curve. (Not sure about dry vs wet tonne).
A fantastic result and producing huge margins, well over 100%, at current IO prices of US$128.
An IRR north of 60% using very conservative iron ore price of US$100 is excellent.
https://www.woodmac.com/reports/metals-value-in-use-iron-ore-costs-q3-2023-150161742/
Ann: Bekisopa Scoping Study, page-10
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