If we say it will take 2.5 tonnes to bring it to a concentration of 68% +
1.3/2.5 = 520 million tonnes to market.
FOB cost $40 - $55 per tonne (loaded on ship cost) current Iron Ore market prices $85
$85 - $55 = $30 per tonne profit
$30 X 520,000,000 = $15,600,000,000 profit
That's about $50 per share!!
This is not including any of thier other Iron Ore holdings or gold, lithium etc.
BOOOOM!!!!! GLTA
Read more at https://stockhouse.com/companies/bullboard#LtCmyGIGH7iGJOus.99
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