InI assume that they plan to blend lower grade Shine ore with higher grade Iron Ridge ore.
So, the LOM of Iron Ridge is extended because you bull out the tonnes with Shine Material.
On your assessment of remaining Iron ridge material, if you increase output to 2mtpa with 1 from Iron Ridge and 1 from Shine you have a seven year mine life producing 14Mt,
if you can still average $50/t that would be $700m. Kerching!!
InI assume that they plan to blend lower grade Shine ore with...
Add FEX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.8¢ | 26.5¢ | $481.2K | 1.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1008877 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 239848 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |