Since it is a public holiday, there is only speculation available: I reckon the JV DFS for magnetite costs about $70M to expedite, with each party paying their share: HAW $14M, LCY 21M and Hancock $35M. Then they will concurrently consider costs as they go for the BFS as they won't need banks, just a breakdown of cost commitments by the various parties.
No offtake MOU until BFS says yes, I bet. Happy to be wrong on that, though.
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