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5.56% 19.0¢ magnetite mines limited.

MGT General and Off Topic Chat, page-1241

  1. Lucky99
    154 Posts.
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    02/08/21
    12:17
    Post #: 54959381
    @MrStrengths
    But how much lower is the cost to process a higher grade product.

    For example, if there is a $12 premium per percentage, and it costs $24 more to buy a tonne of 70% compare to 68%, you’re looking at an extra $24 million dollars for 1 million tonnes of 70% Fe grade. Would this be more or less than the cost savings of processing 1 million tonnes at 68%?
    Last edited by Lucky99: 02/08/21
    MGT Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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