Your 54 cash costs, comes from a high 150 iron ore price. Grades need to be better than the jorc at 19%. Currently iron ore is 95, and ore grade of 15% according to jorc.
at 110 iron ore price. Cash costs are 66, and that's using the jorc of 15% iron ore grades. The projects not that good. Can you see that. Its 14% irr. With the low iron ore price. The irr would be below 10%. Not really very inspiring if you need 500m loan. Mgt needs the iron ore price to boom again to make the project more attractive to funds. Thats a boom time asset. Remember funders go on current iron ore price
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Last
35.5¢ |
Change
0.020(5.97%) |
Mkt cap ! $34.94M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 36.0¢ | 33.8¢ | $85.05K | 243.1K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9990 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 36.0¢ | 27562 | 1 |
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| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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36.0¢ |
Change
0.020 ( 10.8 %) |
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| Open | High | Low | Volume | ||
| 34.0¢ | 36.0¢ | 33.0¢ | 45433 | ||
| Last updated 15.47pm 09/05/2024 ? | |||||
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