I am not totally sure with IO at $US60 per tonne is that good. I...

I am not totally sure with IO at $US60 per tonne is that good.

I still think the overall cost of GBG product per tonne including finance, depreciation etc. is in the order of $US80 to $US85 per tonne.

This has not been confirmed as there is a veil between KML and GBG.

But on a cash cost including finance I think the cost is in the order of somewhere between $US62 to $US70 per tonne - depreciation excluded.

For the product that GBG is producing there should be a higher premium paid in China - the environmental aspect of lower CO2 emissions alone should increase the sale price.

But I am of the opinion that GBG is not getting value for money in the sale price.