hi parmenio,
Are we comparing apples with apples? I haven't seen the FMG numbers but presume they are for DSO on ship?
Our price of $37/t (based on scoping study)on ship includes beneficiation of between $11/t and $16/t, depending on what the final beneficiation processes will be used. It also assumes a cost for royalties for native title.
If you deduct these costs this would give a DSO equalivient.
Even at $37/t this is pretty competitive for a +66%Fe product. Also the Isthmus ore will be much cheaper as it is DSO.
Cheers, Tony.
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