So doing a few basic calculations. 1.5 Mt/pa = 1,500,000 tonnes...

So doing a few basic calculations.

1.5 Mt/pa = 1,500,000 tonnes a year
Spot price from what i see is $164/t
Revenue is 1,500,000 x $164 = $246,000,000

Now at differant costs of production:
$80 x 1,500,000 = $120,000,000 Profit: $126,000,000
Say we have add 40,000,000 shares on offer (100,000,000 shares) EPS = $1.26

$70 x 1,500,000 = $105,000,000 Profit: $141,000,000
Say we have add 40,000,000 shares on offer (100,000,000 shares) EPS = $1.41

$50 x 1,500,000 = $75,000,000 Profit: $171,000,000
Say we have add 40,000,000 shares on offer (100,000,000 shares) EPS = $1.71

While i may have used a high IO spot price (im not too sure if its right but its what i found) im hoping my high amount of dilution and cost of production will counter act any drop in IO price. And this is only from what "stage 1" will be, and god knows what stage 2 will involve.

Providing all my numbers are right, which they might not be, it all looks rather great. Looks can be deceiving though, and if any of my numbers are wrong id like to be corrected.