Location in Pilbara and close to infrastructure - not the mid west and the middle of nowhere with expensive rail to be built.
550MT of readily saleable high grade ore after simple and cheap upgrade to grades higher than 59%.
This will sell at higher prices than the 56MT of DSO.
56MT of DSO .
2MTpa early start up and trucking to FMG rail ..that in itself means 28 years of revenue with no processing plant required (just trucks.
2Mtpa should result in at least a $50mill per annum profit and a $100 mill plus revenue.
Why is it so darn cheap?
When will it see the $5.45 Patersons valuation ?
I'm not selling at $5.45 by the way .. it'll just start looking good and even then we'd only be talking about a $1/T valuation.
why is it so cheap
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