At world-class $21/t, the capex could be repaid in a bit over a year if IO price is anywhere near these numbers when Mlabam-Nabeba starts shipping.
No other mine I know off can do that anywhere in the world that can pay off capex for port, rail, mine development in so short a time.
Hard to believe (or not laugh) it's only worth 20c/share (notwithstanding international tender returning from China, Japan, Korea, Europe, India and elsewhere) to be worth just 13% of high-cost 15MTA magnetite Tonkolili that China has valued very loudly to the world.
RUSSIAN METAL MARKET: 2014 iron ore price to average $145-150, bank says
The average iron ore price in 2014 will be $145-$150 per tonne cfr China, the chief expert at Gazprombank's economic forecasting centre said on Monday November 11.
http://www.steelfirst.com/Article/3277265/News/RUSSIAN-METAL-MARKET-2014-iron-ore-price-to-average-145-150-bank-says.html
- Forums
- ASX - By Stock
- SDL
- 2014 average io price $145 - $150
2014 average io price $145 - $150
-
- There are more pages in this discussion • 142 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online