Ann: Yalgoo Iron Ore Project Scoping Study Result, page-2

re: Ann: Yalgoo Iron Ore Project Scoping Stud... Is anyone there???

Looking at the scoping study i am wondering if i am reading this right and would like someone to join me in checking some facts... please.

They are saying their operating costs per MT are about 30.00. That seems very low. The break down is:
Processing costs 7.37
Mining Costs 5.00
Admin 2.00
Product and Transport 10.00
Wharfage and shiploading 5.00

Infrastructure needs equate to 1.4b (includes plant, port, rail)

Then if they are selling 11.4m mt at say aud70 profit per mt pre tax (100-30) or about aud50 after tax (70*.7) thats about aud558m pa. (excludes payback on loans etc)

which means the challenge for this project comes down to securing the finance i guess? i havent seen anything on this yet but will take a look.

im now wondering why no one is talking about this company. maybe i have missed something.

any thoughts from anyone?