Probaly answered my own question if they produce 10m tonnes per annum say at a conservative $30 margin that's 300m profit per annum not sure what finance interest rates run at but this will easily pay back any debt. The factor that no one knows is the spot price of iron in a few years time it could $200 usd/t or 40usd/t
Still trading at Disc to Cash. Why?, page-656
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