This seems to be an interesting little miner with a good locking balance sheet. It's also great to see management hedging the sale price for iron ore at the current elevated price.
However, I was looking at the production costs of the big boys (RIO and BHP) and it seems they are sitting around $12 to $18 a tonne to dig this stuff up. We look painfully expensive still at $70 per tonne. Especially when the medium term treasury forcasr for IO prices sit around $80 per tonne for the budget estimates. Has anyone asked the board about what their estimates or goals are regarding getting the costs down to somewhere around sub $50?
This seems to be an interesting little miner with a good locking...
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $257.0M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 36.5¢ | $293.2K | 789.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13685 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 271451 | 10 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |