Nobull,
I don't think the definition of capital intensity is that simple. After googling the term I am confused as to what it really means in this context.
With respect to capital cost per tonne (phase 1) I think the number is closer to $11/tonne, based on capital required of $4.7B / 436mt.
The project would be hugely profitable at an iron ore price of $150/tn.
Can anyone shed some light on what capital intensity of $136/tn means in the Diggers n Dealers presentation ?
Cheers
Z
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