What about SDL's itabirite resource in the billions directly under DSO?
EV/resource tonne of $0.05 to $0.10 is rational?
Or the price will double like MMX once a new deal is made?
Forecast Cost of production of $23/t compared to FMG $40+?
Some new MFG capacity at Xmas Creek might be less than $40/t, most is above their current cost/tonne?
CHINA $100-120/t, GBG $80/t, BHP and RIO over $30/t.
Andrew Forrest loves the relationship with China and got the deals done right FIRST TIME.
George Jones loves to put China ahead of shareholders but can only do MOU's and failed deals.
AT THIS RATE, OVERSUPPLY WILL NEVER HAPPEN.
Projects falling over, India becoming net importer.
Do you believe some of the forecasts of oversupply and historically low prices?
What about SDL's itabirite resource in the billions directly...
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