Using E/V ratio 12, USD exchange of 0.7 and spod price of $1500 I get:
$4.85 for 5MTpa;
$8.00 for 8MPpa;
$10.95 for 10 MTpa.
That's me done for the night. My cheesecake is about baked (Wife only reminded me last minute that I'd promised to make one for the BBQ tomorrow). Merry xmas.
Fundamental Analysis, page-9
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