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24/07/15
20:40
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Originally posted by redrockgeo
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Break even for Padbury $55 ?
Producing magnetite from BIF ?
It would be up around $150/tonne on ship if it worked well. Capital cost maybe $20 billion for mine, processing plant, water borefield, rail, rolling stock, stockyard, and port. If it didn't work you'd be looking at CITIC "don't talk about the costs" levels.
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20 billion capital cost
25 billion wages maintenance running costs and sinking fund for replacing machinery only
5 billion royalties
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50 billion / 925 million tonnes
= say $55 / tonne at present day value!
Last edited by
aimone :
24/07/15