I have been watching this company progress. good management has locked in end March for definitive answer.
Elli logic is good and simple. Wants an economically viable project.
Market will be keenly watching for the best green steel company. I am searching for this becuase DSO cant be upgraded, green steel momentum unstoppable.
MGT put their PFS out with a 62%Fe price of US$110 and tanked.
MIO next on the list to try and crack the magnetite code. Shareholders will know "definitively" what iron ore price is needed for this project.
Always good to have a DSO start up in the economics.
WA magnetite project traditionally need very big scale to be economic at old long term iron ore price forecasts (sub $80/t) (Karara 8-12mtpa, Sino Iron 28mtpa, Iron Bridge went 20mtpa Even with much work capital cost still not pinned down)
What 62%Fe price then for an IRR of 15-20% for MIO?
I have been watching this company progress. good management has...
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.994M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 66800 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 41000 | 2 |
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| Last trade - 16.12pm 16/06/2025 (20 minute delay) ? |
| MIO (ASX) Chart |
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