AGO will be taking at least half if not a bit more to cover their part of costs (transport probably the most expensive part and make a margin). Transport as per the DFS is around $35-40 from Pilg. AGO to keep at least $20/t profit.
At a guess we are probably getting about US$50/t and maybe making US$30/t profit. As such I would expect around A$4m a month profit when shipping 100kt.
Ann: First DSO Shipment for Pilgangoora, page-11
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