6,000 tpa = 13,227,000 lbs = $26,455,400 - They're processing 2Mtpa @ $210/T - $420Mpa this covers 6% of AISC.
500,000 tpa Iron ore premium of $5.90 - $2.95M another 0.7%
100,000 tpa TiO2 premium of 5% on $3,300 (Europe) is $165 T - $16.5M - 3.9%
So the premiums alone add up to over 10% of AISC -
or put another way - at $45.9M p.a. premium, a decent chunk of change off whatever loan TNG have for the plant.
Ann: Quarterly Activities and Cashflow Report, page-3
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