-
Share
3,850 Posts.
146
08/10/09
20:50
Share
Rio sold vale in Brazil when the world was going to end at $3 a tonne and they have to ship it up the river on a barge.
We have 100MT high grade - $300M - $1.90 + Bauxite .10
Would have to be at least $2 IMO.
$1.35 was based on a 3MTPA trucking operation to Port Headland. Whats a 6MTPA Trucking operation worth to FMG.
All this with a good outlook regarding IO in the future.
I cant see BHP/RIO competing Bids against each other.
Our new financial controller will be busy thats for sure.
Cheers
-