AMD 50.0% 0.3¢ arrow minerals ltd

You are thinking like a Pilbara iron ore miner now - the Guinea...

  1. 4,509 Posts.
    lightbulb Created with Sketch. 1633
    You are thinking like a Pilbara iron ore miner now - the Guinea settings require adjustments in exploration initiatives.

    First of all in terms of hard rock focus on the itabirite and if you intend to fast track mining focus on discreet tonnages of 5-10 million tonnes of 65 % Fe within broader envelopes. Do a few sums on the premium prices for 65% Fe sinter fines and pellet feed which is why RIO initially will only produce DSO fines. Secondly if you have itabirite get a bulldozer on the job and open it up because from a geological perspective it's too hard just drilling. See the RIO comments - their cross sections -narrow and deep and years of bulldozing -as done by Arcelor Mittal and HPX at Mt Nimba -all done for very good reasons unlike a Pilbara iron ore play. The Simadou formation is bulldozed for miles -

    Now when you focus on canga focus on the streams -valleys because that's where the ore is enriched -not the flats which most likely will only grade about 45% Fe- the streams 62 % Fe.

    https://hotcopper.com.au/data/attachments/6201/6201163-286b588beabfdf971ca54d7348c1f45f.jpg

 
watchlist Created with Sketch. Add AMD (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.001(50.0%)
Mkt cap ! $31.61M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $22.15K 9.540M

Buyers (Bids)

No. Vol. Price($)
138 220191302 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 143768517 33
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
AMD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.