I am trying to work out how they expect to mine for $10 per tonne? I am invested in an iron ore company that utilises surface mining, and their costs are still around $30-$40 per tonne without transport. I see they have a very high revenue figure in the announcement, but I am sure that the actual profit would be quite low at $60 per tonne for Bauxite? Seems like a little bit of smoke and mirrors for myself.
