Every mine has its different economics, think I read that MGX have a strip ratio around 7:1 at Koolan island but they have excellent grade and no rail costs to worry about.
Most hematite producers would have a strip ratio in the 1:1 to 3:1 range, but grades will impact the profitability.
Railway's 1:1 ratio is a real plus, lower mobile equipment, diesel, tyre costs. More profit!
- Forums
- ASX - By Stock
- UMC
- high grade result 117m grading 63percent fe
high grade result 117m grading 63percent fe, page-29
-
- There are more pages in this discussion • 16 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 UMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online