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?
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Last
33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $229.2M |
Open | High | Low | Value | Volume |
33.0¢ | 33.0¢ | 32.0¢ | $198.0K | 605.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 85732 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 25636 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 85732 | 0.325 |
13 | 545457 | 0.320 |
9 | 751881 | 0.315 |
8 | 207300 | 0.310 |
10 | 260830 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 25636 | 3 |
0.335 | 82921 | 5 |
0.340 | 458364 | 9 |
0.345 | 127819 | 5 |
0.350 | 283599 | 10 |
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