The DCF argument requires a lot of assumptions that are not possible to quantify at this point in time.
Lord Twigmeister excels at the big picture but not the fine print.
How many trains a day, what size ships, what additional port charges, and so on-toot toot..
And more particularly, the feasibility study is not due until the next quarter.
Little things like the gangue material with the iron has not been disclosed, accurate grade drilling (one of the things he forgot to do with Anaconda!), etc etc.
Has he put the 'train' before the horse-he always does!
A DCF at the moment-irrespective of those 'binding contracts' with those Chinese agencies-too too hard. And that probably suits Duke Twigmeister-dont spoil a good story with the facts..
Cheers,TAS
know whats funny, page-4
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