Upon permitting being granted, this will run.
have a look at how the iron ore price has held up during the corona virus fiasco. This deposit is high grade and will likely be sold at a discount to the 65% FE price and then add the lump component. In addition, the AUD to USD currency bonus. This currently equates to $AUD 170. With all in costs of just under $AUD 100, all they need to do is produce 1mt and that is $AUD 70m profit.
The scoping study says a life of mine of 6.5 years at 1.25 Mt per annum.
very modest CAPEX for start up which would likely come from offtaker.
This is a no brainer in my view at these levels.
Please DYOR and take your own view.
Upon permitting being granted, this will run.have a look at how...
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37.0¢ |
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Mkt cap ! $257.0M | |||
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