WHERE IS MGT GETTING ITS 572 MILLION FROM, page-144

IMO i have portrayed the reality of the situation quite well.
yes exceedingly high prices of IO are unsustainable, but its actually in the interest of China to keep them somewhat high, even after correction, as they are the leader in global steel production and reap the benefits regardless as profit margins act accordingly, also based on our maiden ore reserve the go forward price is $100usd plus premium over bench mark(not optimised). IMO this is a very conservative figure as the avg price of IO over the last decade has be $107usd at 62% fe, benchmark... yes there were lows in the $60s, but let's be realistic these lows lasted 30days in that time period...

yes the assumed $570mil AUD capex (once again not optimised) is a lot of money to raise, but the project viability based on the assumed figures, in our recent announcement, provides a clear/safe indication of ROI that will attract interest that can accommodate these costs accordingly (not taking into consideration potential SA gov involvement or their $10bil magnetite strategy)

I guess its all speculation until its not.
Kind regards.
Always IMO DYOR GLTASH