The iron ore grade is only 56% from memory not 62% so price will reflect the lower grade. Not sure if the current price will allow profit to be achieved and thus recommissioning the mine to occur. A tricky path to tread for vms with so many negatives in the current world economy. In my view without concrete off take contract’s in place it is to bigger gamble for management to take.
cheers from ns the “glass half empty guy” lol
The iron ore grade is only 56% from memory not 62% so price will...
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