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welp according to what youre saying, if IO price reverts back to...

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    welp according to what youre saying, if IO price reverts back to long term average of say 60USD/tonne

    thats 70 AUD/tonne

    70AUD/tonne * 0.58 ore content = 40 AUD for the ore content @ 58%.

    So if costs are 45AUD, then the whole fri gin operation for all these wannabe coys is worthless as theyll be LOSING MONEY!

    Where have we or where have I gone wrong ???
 
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