Have a look at the deposit on Page 8 - lots of digging/stripping.....
Look at Tyrone80's post above, which is spot on -
"Cons - Quite a high strip ration 4.8:1 with 3mths of prestripping work before mining begins. Thats a lot of time for a 2yr mine life"
& re the price, management have already flagged they will attempt to 'Hedge' the current IO price with Shine. assuming it gets FID........
GLTAH.
Ann: Shine Iron Ore Project Update, page-20
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33.5¢ |
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Mkt cap ! $414.2M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.5¢ | 33.5¢ | $149.4K | 441.0K |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 446402 | 33.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 118372 | 21 |
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