Its the iron ore quality im questioning, not the quantity. Its not profitable to mine and transport 60% grade iron ore from the FEX site, simple as that.
If shareholders were to reward 60% grade, it would need to be enough to justify building a rail to port, in turn reducing costs and making such a project feasible.
Its the iron ore quality im questioning, not the quantity. Its...
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $267.4M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $607.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69556 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38158 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |