If China has to close mines. Guess which mines are high cost. You guessed it, magnetite mines, and which ones are the highest cost, magnetite mines, with low grade ore, 15 to 20 %, like hio has. Your that bias it isn't funny.
95 % of Australian exports of iron ore are low cost hermitite. Thats why Australia has an advantage over the rest of the world. Mining soft and very low grade magnetite is a knew concept. Benefication of this type of iron ore was extremely costly in the past. Higher boom time iron ore prices has resulted in interest. Simple.
If China has to close mines. Guess which mines are high cost....
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Last
3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $31.31M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.0¢ | $157.0K | 5.004M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 394019 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 441587 | 39 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.2¢ | 3.0¢ | 2451057 | ||
| Last updated 14.33pm 06/05/2024 ? | |||||
| HIO (ASX) Chart |