It does require capital upfront, which is why they arranged for the Tulshyan funding of up to 200 million to ensure that. All your worries have been calculated in the feasibility study and as I said, $50USD/tonne is the cost. Yes, their iron ore won't be the most profitable project to ever hit WA, but it will be profitable.
MMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
