re: Ann: Southdown Project Financing - Key Ap... $2.57 Billion...

re: Ann: Southdown Project Financing - Key Ap... $2.57 Billion for crushed rock from Southdown!

"Why persist" thought I'd see the day that ore came from Southdown, but maybe not! IMO Costs per tonne must be too expensive to mine smaller quantities. If it isn't, why not pursue now as well? Because "costs per tonne must be too expensive to mine smaller quantities"

Question: Is iron ore becoming too expensive to retrieve from Tasmania to make Tasmanian Pallets?

If it is becoming too expensive where else can the iron come from? Not the spot market, not Citic? Wouldn't be too much of a competitive advantage there!

No doubt other Aussie mining companies tied up with Chinese steel makers may not be to receptive to sharing some of their resources either. I'd guess they'd want to eliminate their Chinese competitors not help them along.