ann out 600mt high grade iron, page-13

Butchy et al
You just hit the nail on the head "the problem was to find a buyer."

There is no problem at all if you are selling FOB iron ore.
As ever the problem is converting Fe in the ground to Fe in the hold.

One way is to sell the project to Rio or someone else.
The other is to organise it yourself.
With the former we are looking best $1.5 per ton and with the latter possibly $15/ton .

A lot of this is close logistics.The main guy has the clout and finance to organise it or the credibility to get someone in to do it.
The appointment of the high energy Vorster with port and logistics experience is either a superb decoy or an indication that himself like Twiggy wants the whole prize.

Proximity here makes it that much easier but watch this space for some Christmas presents when Vorster has had his firtst month