duped, page-73

Hi mrbasemetal.

Phase one,the DSO is around $4.6 Billion.
Around $1 Billion in made up of contingencies.

Phase two will be paid out of phase one profits.
Depending on iron ore price over the first year,they could if iron ore price is around $120 per ton,make $3.5 Billion.
Eighteen months at that price,and phase one is paid off.
Say two years allowing for ramp up from zero tonnes to 35 million tonnes.

I would have thought that SDL would stock pile iron ore first,so they were able to send five or six train loads per day from day one and export 35 million tonnes the first year.

Regards
Westcott.