Rumbal if it was fob for the the price you are quoting I would think they would be jumping up and down, telling the world they can match majors in getting the ore on ship. If that was the case I think they would be able to attract a partner to fund the lot as those sort of cost are what rio and bhp claim just to mine $40 to 50 per tonne, hence my thoughts, when you claim 40 to 50 fob I kind of wonder if you are confusing yourself. I really think if the cost where that low you would find a reputable firm would jv , not a shell. If you see what has happened to plv with a shell proving finance you would be sceptical to say the least. And they are mining but in gods own trouble with the funding with the Chinese shell.
FAS Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held