BHP / RIO - blend isnt high grade its atypically 55 - 58 % Fe and production costs at about $60/t i thought.
Whilst they do have the tonnes and ability to control the market (as they do) it is all about grade and production costs at the moment ! I do see a price at between $70 - $75/t and that will take out majority mid tier Fe miners in Australia - about time as labour costs kill here ! Its called a wake up call !!
However, CFE project is low grade Fe, subject interesting production costs ?? mmmmmm and Ebola !
Im thinking Brazil will do very well out of all of this with ASX companies reporting production costs at about $21/t.
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Last
5.9¢ |
Change
-0.004(6.35%) |
Mkt cap ! $64.98M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.3¢ | 5.9¢ | $373.3K | 6.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 145402 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 215823 | 1 |
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| Last trade - 15.59pm 17/07/2025 (20 minute delay) ? |
| CLE (ASX) Chart |