Hi malmanu.
Around 15% has to be sold in Cameroon at going price. No shipping cost involved in that.
Stage two Concentrate and Pellet Feed will bring around 20% or more dollars premium per tonne than the DSO.
Some of that is likely to go to Europe/Middle East.
The way the Chinese are establishing Government run companies and steel mills overseas, a lot of the iron ore could go to Chinese companies for refining in Europe and The Middle East. Lower shipping costs involved if that was the case.
Regards
Westcott.
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