Arrium had no options,relying on sidings to let main trains past...

First 27 Last

Share
Profile

Follow
fitnfam

2,630 Posts.

535

22/07/23

19:52

Post #: 68927720
Share

Originally posted by plough: ↑

"My real question was who in the area is setting themselves up for a longer term milling exercise aka-meaning similar to NST business model with long life feed and who isn't."

Probably just RMS and WGX fit that objective first via M&A second via organic growth and maybe MEK on a much smaller scale unless you start looking at the companies around Sandstone .
GCY is looking at a shorter LOM of around 5 years from memory .

Are sealed roads needed for these goldies , I thought maybe wrongly just well formed wide earth roads would be fine , 90% of the time when the roads are dry . Before weather is wet , Most processing plants can store ore on their ROM pads for several weeks of production , did Arrium have that option with its iron ore or was it relying on third parties -rail ,port facilities, ship schedules ?

Expand

Arrium had no options,relying on sidings to let main trains past on interstate lines,so couldn't extend train lengths or run extra's.

To me RMS are goldminers whereas WGX since WB is now a business that just happens to be a goldminer.

Regards

WGX Price at posting: $1.62 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Almonty Industries – Now it is getting critical!

MTM

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: IT surges as Miners dumped | June 18, 2025

First 27 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $2.98		Change -0.070(2.30%)		Mkt cap ! $2.810B

Open	High	Low	Value	Volume
$3.03	$3.06	$2.95	$10.53M	3.517M

Buyers (Bids)

No.	Vol.	Price($)
6	57030	$2.98

Sellers (Offers)

Price($)	Vol.	No.
$2.99	20657	3

View Market Depth

No.	Vol.	Price($)
5	56038	2.980
6	63457	2.970
4	49952	2.960
1	22604	2.950
4	63585	2.940

Price($)	Vol.	No.
2.990	20657	3
3.000	24985	3
3.010	76372	4
3.020	55601	5
3.030	51503	4

Last trade - 16.10pm 18/06/2025 (20 minute delay)

WGX (ASX) Chart

Arrium had no options,relying on sidings to let main trains past...

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Almonty Industries – Now it is getting critical!

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Arrium had no options,relying on sidings to let main trains past...

Top Stories

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Almonty Industries – Now it is getting critical!

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News