Well with iron ore at $US50 per tonne and KML all in costs about $US80 per tonne and exporting 8 million tonnes of hematite per annum, then that should last about 10 months! Losing about $US20 million per month.
Hopefully the upgrade spending has increase FE content to 68%.
Ann: Karara Project Funding Update-GBG.AX, page-2
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