At the end of the Day, FOB price is $50 + State Royalties $7 +...

At the end of the Day, FOB price is $50 + State Royalties $7 + Private Royalties $3 + Shipping $10 = $70. Product would sell for around 10% below market price which is around $110/MT USD or $120 AUD. Margin $50. If we saw an iron ore price of 90 USD with 85 cent AUDUSD with 10% discount then $95 AUD and margin is $25.

The reason no one has really done a deal with the company is that MKT Cap is very low, it is trading with a defecit. It currently has last report $10M in debt. No UNCONDITIONAL Port access and no Feasability Study.

We still have directors and consultants who get paid as if they are working for a producer when SHIP is not even funded.

JUST MY OPINION DYOR