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This thread is a nice ramp but currently the DSO high grade...

  1. Vayama
    9,286 Posts.
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    05/01/10
    14:19
    Post #: 6163405
    This thread is a nice ramp but currently the DSO high grade (crystaline) iron ore is only around 10 million tonnes.

    The one billion tonnes is normal low grade BIF magnetite which would require the usual $800 million CAPEX to produce.

    The margin at current iron ore prices for the DSO would be around $17 to $22 per tonne.
    TRF Price at posting: $1.03 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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