re: Ann: Mining Licence Awarded for Mayoko-Mo...
Hi legendary,
Cheers for clearing that up.
I was looking at the $70p/t FOB and then adding $20p/t transport to China onto that and the margin was starting to look decidedly anemic!
Maybe if we are lucky we may be able to get a slightly higher than spot price deal due to the IO being 64%Fe.
Hi 29101971,
The cost of getting the product to the buyers port is not included in FOB price.
I'd imagine the FOB with leasing included might be around $50p/t maybe?
Anyway, all cleared up.
Hopeful that, as said on page 17 of the most recent presentation, that pathway to production might include leasing of rolling stock and being to leverage off a off take financing opportunity. 100% of the project is obviously better than 50%!
Wonder if our friends at Noble have wondered down from SDL's tenements to poke their noses around and look at potential off take agreements.
It makes complete sense for Exxaro to have a crack at Mayoko, so we want EQX to be in as strong a position as possible as far as being able to develop the project itself goes.
EQX Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
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