re: Ann: Chinese Mining Fund Signs MoU for St... Mark,Good point
At first it seems like a bad deal, but the initial margins of $28p/tonne were based on IFE paying a larger per tonne cost for paying back the contractors capital outlay which would include interest.
Now we would have no interest cost, plus the per tonne cost should be significantly cheaper as we pay for the carriages, road haluage and port facilities upfront.
It now de-risks the project a fair bit, and it means the BFS will have much better margins although we lose some in sharing the pot with the Chinese.
I will wait to see more detail but we may may still end up with $30-50mill profits per year with the price increases.
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