AQA issued a DFS on 5 July 2010 - thats where the figures came from. Since then there has been an increase in resource to over 1bn tonnes and the possibility of sharing infrastructure with FMG which hopefully will improve the NPV. Against that there is publicity re blow out in costs!
As we know, SP also depends on market sentiment, China, Europe all those things.
Im waiting for AQA to issue the revised DFS to see what change on the NPV.
value of iron ore, page-7
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