Thanks Kaiser for that great sum up of the costs. Those sound like reasonable assumptions and if correct this will give MGU plenty of down side protection.
And it might be worth noting that the current price of pig iron is much, much higher then $350. It's above $600 (at least the last time I looked, might have dropped a little as well) and the demand should only go up t reduce carbon emissions and as the world (China in particular) will start using more scrap (they need to add pig iron to ensure the steel quality) so even if demand for IO drops the demand for pig iron should only increase and the price soyld stY high.
Also in the last video with out CEO he was talking about 1.2Mtpa pig iron vs the 800ktpa in the Rodney Hooper report.
They should also still be producing 68% IO concentrate next to the high smelt so that should also continue to be a source of income.
Lots and lots of upside!
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