Will take a year or two to reach the 20mtpa (dry)
58% = $110.53
62% = $122.07
65% = $147.28
67% = ~$162
$162 * 20mtpa = $162*20----$3.24 Billion Revenue
Say we have a C1 cost of $50 & shipping of $12 the profit would be $100 per tonne, or $2 billion per year or 66cents per share.
Ann: Iron Bridge Magnetite Project Update, page-16
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