Looks like they consider a $40 premium on Iron Ore Price for >62% Fe eq.
hence with a US$87-96 operating cost per Tonne you need 87-94 minus $40 as breakeven Iron ore price. (US$47-54)
The Capex looks massive... but I guess that's the cost to set up a Mine?
Looks like they consider a $40 premium on Iron Ore Price for...
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Last
40.5¢ |
Change
0.020(5.19%) |
Mkt cap ! $38.88M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 40.5¢ | 38.5¢ | $16.08K | 40.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 417 | 40.0¢ |
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| Price($) | Vol. | No. |
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| Last trade - 13.12pm 30/05/2024 (20 minute delay) ? |
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Last
40.5¢ |
Change
0.020 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 38.5¢ | 40.5¢ | 38.5¢ | 14486 | ||
| Last updated 13.12pm 30/05/2024 ? | |||||
| MGT (ASX) Chart |