A lot could also depend on how much capacity the port has/will have in the future.
Would NMDC want the other 40% of MtBevan if they can't get it cheaply?
For arguments sake lets say that nmdc/lcy's share of MtBev ends up being 2.5bn tonnes, what mine life would this equal via Esperance?
Gindalbie has 2.5bt @ 36%Fe (1bt concentrate @ 68.2%Fe) for a mine life of +30years at 30 Mtpa.
NMDC may rather look elsewhere for another cheap IO play instead which they're already doing in South Aust.
A lot could also depend on how much capacity the port has/will...
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