An economist you're not! The key to profitability isn't volume,...

An economist you're not! The key to profitability isn't volume, its infrastructure ownership. Do your homework and you will see there are more than enough iron ore producers with production well under 100Mtpa that are profitable. The issue with small Australian producers is they rarely own their infrastructure and they produce low grade haematite product - not a good product if you want to survive in a low price environment.

$400kpa for salaries! Dont know what planet you're from. Projects that are advancing need more than a $30kpa receptionist and a lone CEO!