The Chinese have been lurking and totalling up for some time - look at the ASX announcements of late. The independent pre-feasibilty studies state that OPEX is $US16.50 per tonne of product...." It has the potential to become one of the world's lowest cost producers of iron ore.", stated SRK on the 27/07.
Look at the cash position and she's okay atm IMO.
Ann: Response to ASX Query , page-7
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