Agreed the reality is the iron ore business is not exciting in terms of profitability which is why I am now focusing on Guinea - very high grade and a low -cost operating environment compared to Australia notwithstanding sovereign risk. I have urged all small existing iron ore producers and aspiring producers to study the Guinea business model but few yet can see the writing on the wall -like Indonesia has done to our nickel industry -Africa will do to copper -likewise small iron ore producers will also struggle with our high costs - permitting bureaucracy - ESG and industrial relations laws.
We have wonderful high grade - incredible freight rates and port capacity but can't make money.
In my view CUF should hedge its bets but like most they won't grasp the nettle. Maybe the West Arunta will save the day -
Copper before Iron Ore - CuFe Ltd., page-99
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Last
1.3¢ |
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Mkt cap ! $17.35M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $72.39K | 5.568M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6272946 | 1.3¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2263403 | 2 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| CUF (ASX) Chart |