q&a, page-32

Jazz.... no doubt there is some potential, but there are questions for me.

65 fe sells for a premium to the $120US benchmark. In the presentation, CDB mention $80 tonne sale price.

$55 a tonne seems a long way off either of these.

Given they have to dig it out and process the ore (its magnetite tailings), it would cost way more than $25 a tonne.

CDB is cheap, but not sure why they seem to be selling their ore so cheaply. $70-80 tonne to get it from gate to China seems to be extremely generous.