Well. It's very clear that FMS won't be viable at $65 a tonne or even $70-$75. Management are assuming $90 a tonne. So, how is the Board going to get us out of this mess? Which financier in their right mind will finance BFS if IO is $75? It's all well and good to say stuff like China has big demand, wants to build rail etc, but it's all about the IO price and oversupply of IO. Ian Gordon's really gonna have to pull out a rabbit here.
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Well. It's very clear that FMS won't be viable at $65 a tonne or...
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