I think you might want to rethink how you could lose 6% of weight as wet rocks dry out. Chipped rocks aren't particularly good at holding water, especially in hot climates. Rock chips are good for a number of things but absorbing water isn't one of them. Remember all the clay has been washed off already.
Also rocks and metals like Mn are a lot heavier than water. By my calculations, for an Mn ore/water mix to lose 6% of its weight as it dries out, it probably needs to start out at about 20% water and 80% Mn containing ore. There is no chance the Mn containing ore being trucked to to port hedland is nearly 20% water by volume.
I think why they need dry weight references is that when ore is crushed to a dust for lab tests, the increased surface area of the ore dust means it absorbs water from the air. This can distort the Mn % calculations so the Mn % is calculated on a dry weight basis.
- Forums
- ASX - By Stock
- E25
- Cashflow prediction quarter
Cashflow prediction quarter, page-21
-
-
- There are more pages in this discussion • 60 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 E25 (ASX) to my watchlist
|
|||||
Last
21.5¢ |
Change
0.005(2.38%) |
Mkt cap ! $47.28M |
Open | High | Low | Value | Volume |
21.5¢ | 22.0¢ | 21.0¢ | $34.27K | 157.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7706 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 161786 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7706 | 0.215 |
2 | 37774 | 0.210 |
5 | 44929 | 0.205 |
8 | 115657 | 0.200 |
4 | 575528 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 1722 | 1 |
0.235 | 2148 | 1 |
0.240 | 3882 | 1 |
0.250 | 32000 | 1 |
0.255 | 1892 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
Featured News
E25 (ASX) Chart |