Marianas iron ore project, is still only a project. no permits, still only hold 50%, no COP given or stated. sale price of $55 per tonne and of which if they or when they produce and sell they only get 50% of even if/when they buy the 100% they will not be the operators and it will be done on a shared basis.
to get 5,000 per month of saleable product they have to feed 30,000 tonne into the separator 1,000 tonne per day, not so hard.
to get 30,000t per month that's 200,000 tonne a month or 6,666 tonne per day
cost of elec and water is very high,(why have the not quoted COP= cost of production?? also of note in most ann there refer to cash flow not profit.
Interest on the 10 mil would be around 125,000euro per month as well.
CDB Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
