ELE elmore ltd
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The current 65% grade iron ore concentrate is US$130/tonne or...

  1. rocket973
    13,029 Posts.
    lightbulb Created with Sketch. 1873
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    18/08/22
    17:40
    Post #: 63196477
    The current 65% grade iron ore concentrate is US$130/tonne or AUD$188/tonne.
    The margin is slipping however its most likely close to the bottom.
    Still making OK money
    A$188 - production A$20 - total transport A$108 = A$60/tonne less royalties and management costs.
    On 365,000 tonnes pa should equal $20 million pa profit, most likely worst case scenario.
    The concentrate premium is holding up rather well.
    ELE Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 10  Upvote
    lightbulb Created with Sketch.  Great analysis
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