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
Your 54 cash costs, comes from a high 150 iron ore price. Grades...
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $34.94M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 37.0¢ | 35.0¢ | $44.52K | 122.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24973 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 2131 | 1 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
36.5¢ |
Change
0.000 ( 1.39 %) |
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| Open | High | Low | Volume | ||
| 36.0¢ | 37.0¢ | 35.0¢ | 11073 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| MGT (ASX) Chart |