CAY 2.06% 9.9¢ canyon resources limited

Ann: High Grade Resource at Minim Martap, page-30

  1. 1,122 Posts.
    lightbulb Created with Sketch. 423

    I have a contact who manages logistics for Rio iron ore trains in the Pilbara; 0.5c / km running costs not including capital costs. 

    Of course they move 300 million tonnes pa, but still it appears freight can be very cheap. 0.5c x 650km = $3.25/t

    Last edited by Patron: 16/11/18
 
watchlist Created with Sketch. Add CAY (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.