The iron ore price is the last thing FAS needs to concern itself...

The iron ore price is the last thing FAS needs to concern itself with now.

As for FAS costs - as far as I recall, they have not released the findings of a feasibility study and so any cost numbers are nothing more than targets without foundation. I do recall that the iron recovery is very low and so I do not see how they can achieve costs anywhere near the numbers you throw out there.

FAS has more important things to do for the moment, things like show the market how they can survive, or maybe even talk about their strategy. Tough to do? Yes. Necessary? Absolutely.