FMG cost blow outs at iron bridge are the same across the...

FMG cost blow outs at iron bridge are the same across the industry. A rising tide lifts all ships. That includes labour and materials costs.
At the end of the day Iron Bridge will produce a premium product in massive demand and will attract massive up lift on the platts 62% price. Iron Bridge filll produce a 67+% product that has a premium of ~70-80% to the 62% price.

With the paradigm shift of decarbonising expressed further via carbon pricing etc this Premium could easily become 100% once first production starts in 2022.

Ok it's certainly more expensive to build but boy oh boy it's going to make a lot of money and break even point won't take long.

Has anyone seen the Bank of America's latest prediction for IO?
For 2021 it's for cast an average price of ~$173 and 22 an ave prive of ~$143!

Aust mining.com has predicted prices to remain elevated until 2030. The cycle normally lasts for 6 years with 2021 being the start of year two . But so much stimulus this isn't a super cycle, this is the super super cycle. It's already smashed the ATH price by. 15%.

Perhaps it should be called the commodities Mega cycle as we have never seen the kind of stimulation before and concurrent zero interest rates. ( after inflation ).

I have a growing holding of mgt shares and will strategically continue to accumulate.
just my 2 cents