That is true we have to meet first the contracts obligations,as we have a lot of demand already, but considering that Noble wants to be be offered to be part of any further off takes, kaboko will have the option to offer the premium quality at a premium price.
Just by what you are saying Nathan, the benefit for reducing the size of the product by 30% is clear, less transport options while increasing the price, so it is double benefit.
And considering that the ore will be transported to one of three ports in 3 different African countries, the savings can be considerable.
It is all about cost cutting and increasing value, just like bringing our own rig and refurbishing it without spending millions of dollars on it whatsover.
KAB Price at posting:
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