'the spare capacity on the railway from Broken Hill to Whyalla or Port Pirie is currently 12 Mtpa'
At the end of the quarterly released 29/11/2013, they've attached "Maldorky Iron Ore Mine Information Sheet". (see Post #: 12636391)
Estimated Opex A$66/t
Estimated Capex A$60-70M
Fastmarkets MB Iron Ore Indices - Daily Market Report 22 March 2019 (see Post #: 37877501)
62% Fe Fines - Low Alumina US$88.35
66% Fe Concentrate US$97.63
FWIW a Net Present Value (BEFORE Capex) has been estimated for the JORC resources at Grants and Maldorky plus an estimated 1 billion tonnes at GIB.
Assumptions used:
Fe prices:
US$75/t for Grants & GIB
US$80/t for Maldorky
Both assumptions are lower than current spot prices.
FX: 0.75
Opex: A$66/t. Scope for improvement here. [As a guide, FMG's 1H/19 C1 cost is US$13.11/wmt. In FY13, it was US$44/wmt.]
Capex: No assumption made. Whatever is believed to be the Capex figure should be deducted from the estimated NPV.
Discount rate (pre-tax): 10%
Other: see results below
Results:
Fe concentrate MT EST NPV A$M BEFORE CAPEX MINE LIFE YEARS Mtpa Initial 26Y Mtpa Final 14Y 1 GRANTS 100.3 892 26 3.8 0 2 MALDORKY 58.8 721 26 2.2 0 3 GIB 330.0 1,592 40 6 12 4 3,205 12 12
SIMEC'sexclusivity expires on Sunday.
DYOR
Concern, page-14
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