Dont be so confident that Fe prices will slide yet.
They are still lining up to buy all available production.
Why do you suppose the chinese are so interested in this area.Close proximity to their markets for one.
I see at least a few more years of similar or higher prices,still plenty of time to benefit.
The higher costs are predictable,they always understate intitial costs.
Maybe 10% of these type of projects end up costing what was forecast.
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