That is what i am trying to understand. The BFS figures are slightly outdated with the sinosteel walkout. If this drags on, they will have to revise the 2015 shipping ore date. Assuming IO prices remains on a steady growth labour and equipment cost will also rise taking into considerations that a lot of speculation regarding post Tsunami rebuilding.
However, i suspect when this finally comes online, you have competing IO shipping from West africa and that may drive IO prices down. The reports from media estimates is 600 MT by 2015. How is MMX going to fund their stake in the OPR on top of the actual JV capex on Jack Hills?
MMX Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held
