ARI arika resources limited
Add to My Watchlist 2.63% ! 3.7¢

Ann: Arrium Mining Quarterly Production Report, page-20

  1. buffettmunger
    160 Posts.
    clock Created with Sketch.
    24/01/16
    19:42
    Post #: 16859876
    It's missing capital expenditure. They were saying it's 4 USD.

    Screen Shot 2016-01-24 at 7.37.37 pm.png

    Anyone know how they classify capital expenditure? Is it the money that is needed to replace equipments and drill new holes in order to keep operating at replacement rate? Let me know if you know.

    BHP has 28 USD plus 5USD capex. Rio has 30 USD plus 7USD capex. Arrium has 43 USD plus 4 USD capex. (All rates are for 100% of platts 62% Fe)

    Current spot of 41 USD means BHP and Rio are both very close to bleed.

    Price is determined by demand and supply. Supply has one major constraint -- cost.

    The big guy's current cost is the absolute lowest this commodity can fall to, which means it's around 35 USD, if exchange rate and labour rates don't change.
    Last edited by buffettmunger: 24/01/16
    ARI Price at posting: 4.4¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Nyrada advances to final cohort in Phase I clinical trial of Xolatryp
right-arrow Created with Sketch.
NEWS Anson Progresses POSCO Due Diligence with Bulk Green River Brine Shipment to Korea
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist
right-arrow Created with Sketch.
NEWS Agreement to acquire 50% of the Central Tanami Gold Project
right-arrow Created with Sketch.
NEWS La Negra delivers growth with exceptional silver equivalent drill results
right-arrow Created with Sketch.
NEWS Thick zone of high-grade gold mineralisation intersected at Fairview South
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist
(20min delay)
Last
3.7¢ 		Change
-0.001(2.63%) 		Mkt cap ! $28.96M
Open High Low Value Volume
3.7¢ 3.7¢ 3.7¢ $2.997K 81K

Buyers (Bids)

No. Vol. Price($)
6 973628 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 162162 1
View Market Depth
Last trade - 10.32am 16/07/2025 (20 minute delay) ?
ARI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.