Shine will only come into play if 1 of 2 things happen:
1 The Iron ore price increases to over 145-150 USD per tonne (62%FE). Then it would be possible to mine some of the ore at say a cost of around 60-70 USD per tonne and sell it for some return. Likely the discount price will be a good 5-10% below the 58% FE price. So for this to happen we would need to see a good 18% increase on the iron ore price to what it is today.
2 It will be used in minor amounts to blend with Iron ridge to increase the size of the overal profitable product to be sold. This needs a good 20-40 million tonnes of 61-63% FE resource to mix it up and sell.
Price of Iron Ore, page-1569
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37.0¢ |
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| Open | High | Low | Value | Volume |
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