LongshottFOB of $120 is well out of the ballpark.We know that...

Longshott


FOB of $120 is well out of the ballpark.
We know that PLV has quoted $50ish p/t for open pit and $55ish for underground.. (Roughly as I don't have time now to look).

62% Fe is about A$150 at the moment delivered to port in China

Shipping at the moment gets about a $5-6 p/t penalty as Cockatoo is constrained by depth, so smaller ships are used. If we have Irvine and Cockatoo exporting using transhipment the bulky can be huge. As TS once said "the size of an aircraft carrier". The water between the islands is very deep.

Economies of scale will kick in as they ship more ore.

Stage 5 costs will be a lot lower.

We just need some traction lol....