Forgot to add out of curiosity, they mentioned selling up to 50% of the project. That doesn't mean 50% of the project's cost to build does it?
Wouldn't it mean, what they value this project to be worth (e.g. Current expected value of project say: 35mtpa x iron ore price - expected operating cost - taxes etc. over the life of the mine)? Just a guesstimate..
article in bloomberg, page-24
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