I could not imagine Arium after the first 500k tonne say that's it. If IFE can convert 23mill tonne @ 40% fe through a benefication process that may cost under $15mill to set up and produce 60% Plus fe then we would look good even via exporting.
It it was always about getting some cash in ASAP and this plus the potential sale of the barge should put IFE in a stronger position.
I had no idea this news was coming and either did the market but right now it gives us more than hope.
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