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0.63% 80.5¢ red hawk mining limited

And what do you expect the chinese to pay for owning more of the...

  1. SuperTim
    1,754 Posts.
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    02/04/15
    13:16
    Post #: 15027752
    And what do you expect the chinese to pay for owning more of the pilbara?

    Flinders is ~58% Fe, thats fetching $US43/t in China, who is going to part with $1billion to open up such a venture in this environment? Offtakes are meaningless unless they come with finance for capex upfront to secure the ore..

    On current prices the JV wouldnt even receive any fees off FMS as its realised price today is under $AUS60/t..
    FMS Price at posting: 1.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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