--- $10USD/t per 1% grade premium (producing 66% ore for an extra $40USD/t)
Now it is only 4-5 US$ per 1%
construction volumes in China are falling and this is dragging down ore prices.
in calculations I would take 100 A$.
I would not like repeat of "HIO fate" here
excessive optimism is not good
Ann: September Quarterly Report, page-9
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