Point 3 - Fuel
Citronen Feasibility Study page 151 - Marine Grade Oil (MGO) US$753 per tonne
http://ironbark.gl/investor-centre/asx-announcements/2013-2/
Current Price - US$314 per tonne
https://shipandbunker.com/prices/apac/sea/sg-sin-singapore
Page 142 onwards Citronen Feasibility Study is Operating Costs -
With fuel 59% cheaper at the moment it is going to be very interesting to see the operating cost figure.
Looking at operating costs of 0.68c per pound for Citronen and fuel/oil as you read through making up at least one third of that 0.68c the story becomes more powerful.
Cheers.
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