You are right about their costs but fail to put them in context,...

You are right about their costs but fail to put them in context, purposely I suspect. These cost are for a DSO small pit, as a test mine. This has a high waste to ore ratio - in the JHEP scenario most of this "waste" would be ore, therefore far cheaper mining costs. By far the biggest cost at the moment is trucking the ore to Geraldton, OPR if it goes ahead will reduce haulage costs drastically.

Karara, JHEP and Weld Range are not small orebodies. No magnetite resources has been reported for Weld since Sino took over, they don't have to report, however prior to that magnetite resources were being reported.

IO prices are softening, it is cyclical, like everything, but the cycle is operating at a higher window. Do some research into iron mining in the future specifically in China (where they get most of there ore from now). The forecast from Rio, BHP and Vale are different to those so called experts in "financial institutions"

Don't know if OPR, JHEP will go ahead, but let's put some facts on the table, not just down ramping.