jhep (twice as good !) vs weld range

MMX's 50% of JHEP should fetch $1B really.

Weld Range bought for $1.4B is only good for 15MTA for 15 years.

Now...

The JHEP is planned as a large scale, long life, iron ore mine that will produce on average, approximately 23.4 Mwtpa of high purity iron concentrate and DSO products for the first ten years, supplying the key markets of Japan, China and Korea. JHEP plans to produce two primary products, being a sinter feed averaging 64.4% iron (on a dry tonne basis), and a pellet feed averaging 68.5% iron (also on a dry tonne basis). Both products feature low impurities, especially alumina and phosphorous. The current mine plan projects total production of 701 Mwt of concentrates and 13.5 Mwt of DSO over a 39 year project life, based on the mining inventory.