Share
184 Posts.
lightbulb Created with Sketch. 23
clock Created with Sketch. 11/06/22
17:00
Share
Originally posted by Realinvestor1:
↑
I think CITIC pays $500 mil a year to Clive. That crazy amount. CITIC is still running the mine and recently signed agreement to mine further 1 bil ton. Imagine not having to pay $500 mil a year royalty, similar output to Sino but much better grade (Sino is 65% fe, we are 70%) which will attract larger premium, much lower cost base (in the lower quartile confirmed by Wood-McKenzie, also noted by recent independent reports).
Expand
21 million ton and all done by transshipment.. meaning no deep water port. not sure what that berth depths would be probably around 10m for the transshipper tugs and barges require half that.
