maybe I am not explaining it correctly
you wrote the following
"1300 x 400 x 30 x 2.5 = 39Mt
@55% fe = 21.45Mt @ $10 EV/tn = $214m EV"
The total tonnage of ore you have listed as 39Mt
then you discounted to show the pure Fe% as 21.45Mt
However while ore is sold FOB or COF on units of Fe per ton (there are 100 units in a ton), similar to your final calculation shows above 21.45 million * 100 units * price per unit.
But I have not seen resources/reserves compared on a units of Fe basis
Reserves/resources are normally calculated on a total amount of ore in this case the 39Mt you calculated and then compared takeing into account impurities and Fe % compared to Brockman type ore or another designated
benchmark ore type IMHO.
- Forums
- ASX - By Stock
- DMM
- jorc out very soon
jorc out very soon, page-6
Featured News
Add DMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.688M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
DMM (ASX) Chart |
Day chart unavailable
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online