RE: Hannukainen vs. Kaunsivaara Jays
I round numbers CApex about $425 million, Opex about $36/tonne. Rail with in three km of mine, power available, Finnrail willing to up grade rail line (which in fact they did), Kemi port with Quay available, finns willing to drege channel and port for HandyMax ships (40,000 tonnes). Management at the time recommended doing Hannukainen first and let the Swedish side infrastructure mature. Yes it would only be 2 to 2.5 million tonnes per year but with the copper and gold creit it pucked money.
What stopped it EGO is what stopped it. KAW and Anders EGOs got in the way so now the company is shot, the bond holders are not getting their interet payment, and the shareholders are taking it in the shorts.