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MarkyBoy49

9,951 Posts.

3715

20/01/22

02:03

Post #: 58992562
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Originally posted by inkblot: ↑

Direct reduced iron ( DRI) needs high grade iron ore ( magnetite.). DRI plants can use natural gas (20% emissions of blast furnaces that process lower grade iron ore) or hydrogen (even greener process). Higher grade iron ores produce less slag ( impurities) and require less coke for processing into crude steel, resulting in lower coal consumption and lower emissions.

FMG "s Iron Bridge contains 716 million tonnes of magnetite grading 67% iron. I think they intend to mix this with their lower quality iron to make higher grade concentrates. This involves crushing ores to fine powders and mixing low and high grades to get higher about 63.% concentrate. But blast furnace cannot process fine powder concentrates so concentrated powdered ore needs to be pelletised . All this needs construction of costly plant ( ask FMG what it costs to build such a plant).

Sortekap SODD001 has more than 85% of 80% magnetite with other interesting stuff like 2% chalcopyrite and pyrrhotite. 80% Magnetite is absolutely perfect for DRI processing plants to produce green steel. Can this be the wild card for Conico? Is this the company maker hole??? Waiting for assays with anticipating.

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CNJ Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.805M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
41	93976639	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	18320682	8

View Market Depth

No.	Vol.	Price($)
41	93976639	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	18320682	8
0.003	4441142	6
0.009	321000	1
0.012	727272	1
0.020	365789	2

Last trade - 16.12pm 18/04/2024 (20 minute delay)


Last 0.1¢			Change 0.000 ( 33.3 %)
Open	High		Low	Volume
0.1¢	0.1¢		0.1¢	663334
Last updated 15.53pm 18/04/2024 ?

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