doo,
Going by MOL cost of FOB at $65 per ton, what do you think 1.4 BILLION TONNES of JORC'd iron ore is worth. Considering this is only 2% tested, with obviously much further upside?
Rough calc:
$140 - $65 = $75 per ton
minus CAPEX? Lets say conservitavely less ~50% for costs equals $40 per tonne.
So, 1.4B X $40p/t = $56 Billion
I know I'm wrong, but is this figure possible doo?
E.
