Jiangxi concentrate has almost identical composition to NTU but it is much higher grade @ 92% TREO.
AM published the price of $18kg for Jiangxi over a year ago but now state it has fallen 7.45% past 360 days.
Is the NTU 52% con ex Darwin worth half of that, $8/9kg, less shipping?
Really interesting point is where, and who, will pay the Dragon's 25% HRE concentrate tax?
Can't believe mindless conviction of punters here with not the vaguest clue re costs or revenues, 100% invested on hype & prayer.
GL with that.
Ann: Browns Range Project & Financing Update, page-63
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