as we all know, the trend of iron ore is down from the peaks but by keeping an eye on the trend we can better guess the profitability. too soon for that atm but any business plan needs facts to work to. what must be watched is the AUD price of ore where ife is concerned. it's costs are in AUD so will it's final input of cash flow. once production gets underway the price of the company will be very much tuned in to all this.
i'll update from time to time for anyone interested and always back to this thread. a history record on tap, so to speak.
be good,
40.
ps 40 aint clever enough to get the graph onto the thread as yet. sorry folks.
as is usual, this pertains a lot to trf but for ease i'll keep it all to ife, so look in here.
not sure what price ife have used in their
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