Sigh...Chris....look at the above photo....
Lets remember chris that Ventures ore is high grade with low impurities so a higher than average spot price outcome could likely be negotiated! Also the margin was $47 a tonne with an average price of just over $100 dollars a tonne.....also worked out on a 1 for 1 australian dollar value...not the current 93 cents....iron ore would have to fall well below current prices to be unprofitable....and once again, even at an $80 dollar spot price, this mine still very profitable! All infrastructure is in place as well so please tell me Chris..... Why did u say that this mine being profitable was rubish????
good news, bad news ?, page-9
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