SDL 0.00% 0.6¢ sundance resources limited

australian article, page-45

  1. 1,195 Posts.
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    Hi (Westcott),

    "Pellet,sinter and concentrate brings a lot higher price.
    Around $40 or more per tonne."

    Surprisingly I found the FOB price for Iron Ore concentrate (+65%Fe) and Pellet Feed (+66%Fe) quite high:
    For example I found the FOB for the above 2 categories from Brazil is US$67/t (Year 2009).

    If I look at Gindalbie Reports (Dec 2009), their Kagara Concentrate Fob Price 2009 is A$97/t, which is US$120/t.

    Their Concentrate price is derived from:
    2009 Hamersley Iron FOB benchmark fines (97c/dmtu) adjusted for Karara quality 68.2%Fe versus benchmark 62%Fe, plus quality adjustment.

    In our case, SDL Itabirite (+38Fe) when converted to concentrate will be of similar quality (from 65 to 68%Fe) meaning our estimates using a FOB price of $62.20/t for Itabirite concentrate is still conservative.

    Cheers - BS

 
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