Ore with 65% Fe content is currently $83.40 a tonne.
https://www.*.com.au/iron-ore-price-china-steel-cuts-2017-11
This puts Bl0om Lake 66.2% Fe at around US$85 a tonne.
With the mine back online March 2018 - current MC justified & sustainable IMO.
Not alot of CAPEX to expand to 15mtpa given the inventory Cliffs left to CIA - O'Keefe won't waste any time expanding once the mine is back in operation.
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$4.51 |
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Mkt cap ! $2.404B | |||
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