Good point waverider ! Find a new project in Brazil where costs are atypical US$21/t. CAS is producing a lump product hence lower costs but still a fines Fe cost is very nice !!
Australian Fe = low grade atypical BHP/RIO blend at 55-58% Fe with high Australian staff costs !!
Grade Fe% +62% fine and costs is a no brainer ! Just not possible for a mid tier company in Australia as compared to Brazil.
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