ok so chris, is this right?
project capital cost 85 million
ongoing costs $42 per tonne, 3 mill tonne/ year to start off = 126 mill a year.
if iron ore sells for $196 a tonne, then times 3 million tonnes = 450 million dollars , minus 126 mill operating costs = 324 million profit before taxes.
sound about right?
market cap around 100 mill? LOL!!
ok so chris, is this right?project capital cost 85...
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