Nothing wrong with $1.50 The Southdown project cost alone is AUD...

Nothing wrong with $1.50 The Southdown project cost alone is AUD $1.8 billion. Included in that alone is $100M cost to dredge Albany Port for shipping the concentrates.

After the next benchmark pellet increase (with future projection), it's not hard to derive the NPV.

Imagine the value of the project if they go ahead after the final feasibility. Shagang and Sojitz wouldn't invest in Southdown if it isn't financially viable.

SP is forward looking. The only way is up as pellet benchmark price will rise and rise in the coming years. Only producers with real cash flows and income can benefit in the next leg(s) of the boom.

While GRR isn't a hot stock but at least unlike some blue-sky pipe-dream stocks that will come crashing down once speculators lose interests realizing there is no concrete gameplan and schedule, no justifiable amount of resource to be viable for infrastructure development.

GRR will no doubt leave behind those projects without substance, infrastructure, dubious resource data and no big players willing to fund (at best they may get a token offtake agreement for a few dimes and photo op from the Chinese should anything worthwhile at all gets dug up) and with SP barely sustained by periodic rumours of takeovers.