lets be clear, i am not questioning the deposit, you are quite...

lets be clear, i am not questioning the deposit, you are quite correct it is a AAA+ deposit. so is simandou iron ore project in guinea - and rio tinto can't get that to fly......

all i am questioning is the freight cost and economics of the project.

as a related aside i was sitting next to a chemical process engineer from worsley alumina (south32) last night (how's the coincidence) and i asked a few questions on costs related to worsley and transport. first comment was 'a tonne of bauxite is A LOT bigger than a tonne of iron ore, so calculating ore movement by weight is highly misleading'. then there was a lot of laughter when i outlined some of the logistics for the project - distance from port, current rail capacity etc. okay this individual is not in possession of all of the facts regarding mm & cay, but there is considerable industry experience that confirms what a few in this forum are saying.

food for thought.