Our project is set for first ore on boat 2024 and it has been...

Our project is set for first ore on boat 2024 and it has been referenced as ahead of schedule by management many an occasion.

As for IO price.

Arguments in favour of increasing IO prices.
* Brazil underproducing due to covid impacts and major on-site incidents.
* India increasing low grade imports but no where enough to meet increasing demand and openly admiting the intention of high grade export bans to increase personal economic bounce back.
*Australia barely producing 1 for 1 replacement mines and current DSO resource grades are diminishing.
*USA introducing a multi trillion dollar budget for infrastructure and economic recovery.
*China increasing demand for higher grade green IO for economic recovery and reduction in carbon emissions.
* China Steel production and exports increasing yet the gap between supply and demand keep growing .
*Steel production margins increasing with IO demand and easily maintaining prices.
*IO exports untouched by China/Aus trade tensions.
*No increasing stock piles of IO amongst global major miners.
* Congo prospects to relieve IO demand are 5-10 years from production, cost in excess of $20bil dollars and require unbelievable amounts of work to be done in an unstable political/economic environment. (Many have tried and failed).
*Multiple other countries around the globe looking for a means to economic recovery through increasing infrastructure.
*etc etc...
All in all increasing demand and decreasing supply, with
alternative means years away.

Arguments against increasing IO prices.
*IO prices are inflated according to China....

I wonder why...?

IMO what we are seeing is the beginning of a commodity supercycle with IO leading the charge and a fundamental shift in the way we value commodities. This process is not something that will simply establish/correct within 6 month to a year, this will take the better half of a decade.
An opinion of Chinese Steel mills doesn't determine the price of IO, Micro and Macro economic factors are whats driving this fundamental change.

The only bags apparent here are the multibags of shareholder profit.

Kind Regards.
Always IMO DYOR GLTASH