Grange is expecting US$180/t for its magnetite product this quarter. VMS assumed US$120/t in the scoping study.
My estimate from the scoping study for magnetite production was 290,000tpa. That contributed US$35M revenue pa. The latest pricing lifts it to US$50M.
Operating costs indicated in the minesite.com article are AU$47M. Whether the AUD is at parity or 0.80 (as per scoping study), the magnetite stream alone roughly covers operating expenses.
So why compare the %tin resource between Mt Lindsay and Renison?? You have to look at $$$ to extract and total revenue, not raw % of just Sn or W.
vms value, page-31
Add CRI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.04M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $18.04K | 1.548M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1802150 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1425947 | 5 |
View Market Depth
| Last trade - 15.27pm 13/09/2024 (20 minute delay) ? |
| CRI (ASX) Chart |