From brr.com.au,
I hear Southdown being,
Higher iron content ore
Half strip ratio compares to savage river, lower prod cost
ready infrastructure of water,port,rail
much bigger resource with initial prod in the 6mil tonne
mine life 30 years
ore can be ship to China for pellet conversion
The downside I hear is next year if IO crashes back down to earth, China economy shrinks.
These are some of the reasons why I got in late thinking that the price would retrace. It didn't but who knows what happens even tomorrow.
yum yum, page-3
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