Around 15% has to be sold in Cameroon at going price. No shipping cost involved in that.
Stage two Concentrate and Pellet Feed will bring around 20% or more dollars premium per tonne than the DSO.
Some of that is likely to go to Europe/Middle East.
The way the Chinese are establishing Government run companies and steel mills overseas, a lot of the iron ore could go to Chinese companies for refining in Europe and The Middle East. Lower shipping costs involved if that was the case.
Regards
Westcott.
SDL Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
