Unfortunately I have heard all this before..
A CAPEX of $4.5B coupled with a high cost processing plant and operating costs!!
I can't see it happening. There is an oversupply of IO as it is.
The DSO crush and ship mines have the market.
SINO iron has learnt a painful lesson here in WA with low grade magnetite and they have spent $10B+.
Maybe in a different world where the macro economics are there.
That's not now....
What is the limit?, page-29
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