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0.00% $1.30 united minerals corporation nl

Dani,The 3.02 figure is known as the "density factor".From...

  1. Tench
    1,050 Posts.
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    21/05/08
    19:21
    Post #: 3747525
    Dani,

    The 3.02 figure is known as the "density factor".

    From memory, its for every cubic metre of material equals approx 3 tonne of iron ore tonnage. In this case, 1 cubic metre = 3.02 tonne, think thats what newmember means.

    This is used to calculate the tonnage of ore bodies/stockpiles, etc.

    Hope that helps.
    UMC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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