Southdown Project, page-5

Interesting article you would think they would have mentioned something or had an announcement about a restart not sure what they mean about a restart Southdown is all about getting finance. Some big numbers here $2.885 Billion although they will be producing a 69.6% Fe concentrate .

From a 2013 investment presentation:

Southdown Project Achievements  Completed a definitive feasibility study in April 2012 which improved the projects level of accuracy to +/- 15%  Advanced project in terms of project engineering, land acquisition, permitting, drilling and test work  Initial capital expenditure estimated at A$2.885 billion (including EPCM; owners’ costs and contingency of $0.535 billion) – April 2012  Operating costs estimated at A$58.5 per tonne of premium quality concentrate (69.6% Fe) containing low contaminants (excl. royalties) – April 2012  Received submissions for EPC contract tenders for major construction works