RTA project update, page-5

there seem's to be more potential conflicting info being presented to s/h of RTA and FMS, and to the ASX.
imho s/h need to carefully read and consider the info being presented.

that "landed cost" of A$46.50 figure is important.
That figure was quoted in the previous RTA preso, and my understanding was that figure was RTA's figure - NOT and FMS calculation !!! Take that as you will. There was no figure provided as to the FMS calculation. Could be more - could be less.
It would be good if someone could get the FMS view on that RTA figure?

Since the last RTA preso at their AGM the wording has changed wrt the landed cost of FMS iron ore in China.:

AGM Preso says: ​

"The combined project will be at the lowest cost quartile with characteristics very similar to Fortescue’s Solomon hub mining region"

This latest preso says:
For the purpose of comparison, the combined project has the potential to be within the lowest cost quartile with physical characteristics very similar to Fortescue’s Solomon hub mining region. '

The other bit that intrigued me was the comment below"

"Agreement with Chinese Steel Mill​

The BBJV has signed a non binding memorandum of understanding with one of the largest steel mills in China setting out the basis upon which the JV and the Chinese Mill will develop along term strategic relationship to use the proposed infrastructure to supply iron ore to the Chinese Mill. Subsequently, this has been converted to a Framework Agreement, setting out the proposed key commercial terms."

Have we seen this statement before?
I am sure the MOU (between RTA and Chinese Mill) (as distinct from the MOU's between FMS and Chinese Mills) has been announced before.
But what is intriguing, is exactly WHAT iron ore are they referring to???
Phase 1 of this project is FMS supplying I/o to be transported upon BBJV infrastructure and loaded onto ships at Balla Balla and shipped to China.
It is Phase 2 that proposes to mine and ship the RTA magnetite to China.
So is the I/o mentioned in the preso today, FMS I/o or RTA's magnetite?

also, if it is FMS I/o, how come RTA is negotiating terms with the Chinese for the use of the infrastructure , when that cost is already paid for by FMS??

I would be surprised if these discussions relate to the RTA product because I think the RTA magnetite is very low grade ore, which needs a lot of processing in China, and blending before it can be used. Whereas I think some of the FMS ore is >60%, and would command a higher price because of its better quality. Also time wise, the FMS ore will be developed before the RTA product.

Also, it says " Subsequently, this has been converted to a Framework Agreement, setting out the proposed key commercial terms." --- does that relate to FMS ore?? Has FMS discussions with Chinese mills developed to a stage where they are now discussing actual "key commercial terms"???
surely that would be a market sensitive information, IF it relates to FMS??

So what's going on?
why hasn't FMS provided the market with clarity???
why is RTA driving this information process, and confusing the market??