Hi accaeric, it would appear that the scheme is tailored made for AGO such that the $AUD 30M that you have calculated when (based on a $US 70/T spot price 62% fe) combined with the prevailing factors of US 0.82 AUD exchange rate, much lower cost in diesel for trucking and mine fleet as well as plunging Capsize shipping rates together with the earlier cost guidance (probably slightly conservative now due to Exch rate & oil) of all-in-cost of $AUD 64/T........that the overall net cash flow benefit will allow for break even as well as servicing cost for debt.
BTW, IO price rose yesterday by 75c to $US 69.17 (despite the Chinese still holding their horses and not started restocking).
