The quality of the product means that it can be shipped to Europe as opposed to China - saving 12-13 per tonne. Also, the capex to get to 2.5 illion t/pa is amazingly low - well done.
Great announcemnt but it is going to be tough to get some one on board unless there is some additonal synergies to be had that can bring down costs further - i.e. EXXARO (not sure where they are up too)
we need to see some price recovery in Iron ore and this becomes an absolute bargain - (approx $39 million in cash also!!) but until then i expect to see it lingering. Who knows, there may be someone interested in buying 40-50% for $60-70 million with the balance of capex to be debt funded - (might be dreaming in current market!!) good luck everyone..
Ann: Positive Pre-Feasibility Study for Mayoko-Moussondji, page-3
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Mkt cap ! $22.34M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 33900 | 2 |
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