Hi @BoogieB, whilst I agree with most of your post, to keep the record correct your first paragraph is erroneous.
The $46 to $55 USD per tonne cost is calculated for the 10 & 5 Mtpa operations respectively WITH the credits from the 68% Fe premium included so as to be an 'equivalent' rate as for 62% Fe.
Ann: Future Facing Commodities Conference Presentation, page-44
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