Okay so based on the info provided within that article we stand to make approx. $50m profit for the first year providing the IO price holds up.
$70 per ton margin x 55000t shipments = $3.85m - PRG’s 30% = $2.7m x 18 shipments.
Not a bad start, look forward to us locking in the expansion plans and then we are away!
Ann: First Shipment on Track as Iron Ore Stockpile Builds, page-219
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