Yes BigBen, the way I read the announcement is that CBI is...

Yes BigBen, the way I read the announcement is that CBI is responsible for costs to transport the product to the BBM ROM stockpile. In which case we would be in control of those logistics and charging them an additional fee per tonne. Cokal would be responsible for transport costs from stockpile to barges and then for delivery of the product to market. Thus, the previous spreadsheet is even more heavily skewed to the downside with nonexistent expenditure. At least $50/t overdone imo. Plus we get an additional coal processing plant out of the deal too. There is absolutely nothing to not like here.
Imagine being this bloke and thinking that he is so clever and so right all the time, and yet management and CBI, who both worked on this deal obviously for sometime, would both be wrong in their math so that Cokal would lose money that they don't have. LOL it's just plain ridiculous.