I know a little about mining iron ore but I must admit my knowledge about the actual mechanics is limited.
I would assume you could mine it with a digger and if its a little harder then drill and blast.
I think the actual mining cost is around $12.00 a ton for a digger at the MGX mine but dont know what it is for blasting and then digging. Lets say it cost twice as much that would add around $12.00 a tonne
A lot would of course depend on the strip ratio of the CID.
The biggest cost could well be the fixed costs due to a billion dollar rail line
Also if it is magnetite as we are lead to believe then the benification costs will be considerably more than for hematitie.
- Forums
- ASX - By Stock
- FMG
- metallurgical knowledge = no project
metallurgical knowledge = no project, page-6
-
- There are more pages in this discussion • 56 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 FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$18.49 |
Change
0.390(2.15%) |
Mkt cap ! $56.93B |
Open | High | Low | Value | Volume |
$18.32 | $18.62 | $17.94 | $159.1M | 8.651M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150 | $18.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.50 | 4305 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 46 | 18.430 |
1 | 100 | 18.420 |
1 | 54 | 18.410 |
5 | 7077 | 18.400 |
1 | 2100 | 18.390 |
Price($) | Vol. | No. |
---|---|---|
18.500 | 4055 | 3 |
18.540 | 1000 | 1 |
18.570 | 9999 | 1 |
18.580 | 1500 | 1 |
18.600 | 2865 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |