Wasn’t there a PFS study done in 2019 for the production at Riley? From memory I recall AR saying in an interview he would be happy if IO prices remained over $90. Need to find this to confirm to be sure. During that study, shipping was estimated at $18 per tonne and looking at the BSIS index we are trending lower towards the average shipping price in that year prob another $600 further to go from current levels.
Government Funding for VMS, page-52
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