I think having the refinery at Tenindewa is viable. Ann...

I think having the refinery at Tenindewa is viable.
Ann 11/3/24....lab test work found Fe cons frequently over 60% in blocks 70 and 80 (Yarra).
Today 60% Fe about us$96 p/t * 1.51 = a$144.96 p/t less CFR about a$30 = a$114.96.
As has been said before FEX feeds IO into a ships hold for a$60 p/t, this includes trucking 490km plus storage.
Lets say it cost AVL a$80 p/t, this = a$34.96 p/t gain.
Then consider the lower cost of gas, no FIFO workforce and cheaper reagent transport.

I agree road transport is not ideal, next year there will be 4.7 mt of IO trucked on the highway from Meeka to Geraldton. It is a pity the rail from Mullewa to Meekatharra was closed in 1978.AIMO.