Yeah, your question is a good one. A big difference between the value of the ore in ground as opposed to fully refined concentrate. At what point along the path is the value assessed? Maybe its mined but short of being transported and processed so as to give MTR the option to do it themselves or consider a deal with MOD to use the T3 plant (assuming its not 100% at capacity with the MOD share of the new ore - which is looking increasingly likely). I am sure the MOD/MTR teams are working this out as part of the final deal details??
MOD Price at posting:
50.5¢ Sentiment: Buy Disclosure: Held