If the FEX transport is used as a GUIDE a$43.27 p/t =922,500 dmt (moisture?) * au$43.27= au$39.9m
Fex carts to the Geraldton port approx 490km.
Now using the base case ..calcine as is at a discount of 50% to 62% fines = 922500 * au$83 =au$76.6m
Pelletised calcine say 45% above 62% fines =922500 * au$145 =au$133.7m
Upgrading the calcine looks to be the most profitable as the ilmenite *3 the base case and 66%fe value is around 20% higher than 62%fe.
62% Fe fines @ us$120 *1.39 conversion used. AIMO.
Ann: Iron-Titanium Co-Product Sale Opportunities, page-7
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