They will probably need over $200M to get to the increased production levels.
It would really nice if they can get the OPEX down by 30-40%,
that should give them a real good chance of making it to production.
Not sure what premium they get for their magnetite product at 66-69%, they might still get close to their FS assumption of
US$110 FOB even with the current weakness in the Iron ore market.
