some of the difference might be hematite near surface and magnetite at Mayoko " extending to more than 300m below
surface with Fe grades typically 32-36% Fe."
Also 33% of rail/port infrastructure ( pay $45m by Jan ) + access rights.
London mining said they expect to get their operating costs at Marampa under $29 / tonne and they are using trucks not railway.
We/I can only guess at $ value , somewhere between 100 - 500 mil but i'm sure Mr Xstrata or Mr Mittal or Marius :) would only need half an hour to come up with a figure 5% - 10% either side of the REAL price.
I suspect CFE is on someone's 'watchlist' and they are up to something !! and we all know it :)
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