answers to common questions on fms, page-4

I think the key here is "950MT+ of DSO equivalent ore at 58%-60% post beneficiation" beneficiation costs money so ideally the ore should be at least 57%Fe and DSO.

I am not sure what the fully diluted MC of BRM is, but I am sure it is more than $82M. I get the MC at over $200m, forget about cash adjusting. The market is taking the DSO into consideration, which is the standard $4/t in this case.