But Sinosteel Midwest Corporation chief operating officer Julian Mizera, whose job is being abolished as part of the Weld Range suspension, said Murchison's release of the feasibility studies on the infrastructure, and its Jack Hills mine expansion, had not provided any real update.
"The final infrastructure tariff will be derived not only from the capital cost but from the total development cost of the project, ongoing operating costs and most importantly, the cost of finance and the terms on which that finance is to be made available," he said.
todays article says that the tarriff is $30 per wet tonne...I think one smart puter here already calculated it couple of days ago (Good on ya mate)...
$30 tariff was calculated based on 10% funding arrangement terms of interest....chinese has that funding arrangment already in place around3% interest so it stariagt away reduce 7% from tariff if they build OPR...they are still displeased with tariff...so the game is they are just waiting for six months to terminate the contract ultimately.I guess This game was planned when chinese came here last month and they had meeting with everyone including premier...
I suspect they will simply not return as foundation customer and mmx cant show BFS and without proper BFS funding cant be arranged and obviously they never get the on the rate chinese has already in place for debt funding...
just wait for six months and see...sino is already interested in OPR after terminating the contract...I dont even dare to dream mmx sp if that happen together if posco is looking to exit...I wouldnt say game over for murchison but simply there wouldnt be any hope for murchison sp to recover after it...
MMX Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held
