12 tonnes iron ore per share, page-15

I believe that Witches6 was calculating the EBIT per share once in production.

I think $60 per tonne net is way over, long term probably something more akin to $20 per tonne. The 10 relates to the annual production that BRM has previously mentioned and is currently being scoped.

That is obviously once in production which is expected first half of next year - 2MTPA to start and gradually building up to 10MTPA in 2011.

Price today. Well that's for each figure what they're prepared to pay once they do a comparative analysis against other iron ore hopefuls and then consider other elements such as railway/port access.