Ann: SIMEC Commences Due Diligence on Havilah's Iron Ore Projects, page-62

66% Fe Concentrate (Code MBIOI-CO): US$95.31 per dry tonne" 3 September 2018

65% Fe Blast Furnace Pellet (Code MBIOI-PT): US$158.45 per dry tonne" 3 September 2018



The Middleback Ranges magnetite, that SIMEC owns, is beneficiated on site and sent to Whyalla.

More importantly, SIMEC owns a pellet plant at Whyalla, the magnetite is then pelletised and used as feedstock in the Whyalla steelwork’s blast furnaces.

As a reminder, Maldorky is 65.2% Fe concentrate (plus low impurity):


You should now appreciate the huge potential value of Maldorky to SIMEC (Mr Gupta), once it is pelletised at his Whyalla pellet plant as a 65% Fe Blast Furnace Pellet:

65% Fe Blast Furnace Pellet (Code MBIOI-PT): US$158.45 per dry tonne" 3 September 2018

At 0.7108 that is ~A$222 per dry tonne.


MetalBulletin Iron Ore Index (3 September 2018):


Cheers

These are only my random (Mr Gupta) thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.

HAV fanboy: still drinking the Kool-Aid