GREY:ADEXF - Post by User
Comment by
VENManon Aug 11, 2012 6:57am
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Post# 20207036
RE: chinese
RE: chinese If the Chinese had producing iron ore mines and needed another one they could see them perhaps turning this down. All i'm saying is in this case you can tell the chinese look you can continue to pay market price for all Iron Ore you need or pay a cost of $65per tonne. [ ($1.2 Billion / 15 years =$80m) + ($48 X 5.5m tonnes = $264m) / 5.5m tonnes = $62] . Up it to a cost of $70 or $75 per tonne still cheaper than the $115 per tonne they have to pay at market price and not long ago the market price was $185 per tonne. Tell the Chinese enjoy paying that price in the years to come, if you don't like the numbers here. Just my two cents