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FMG has Iron Bridge

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105

18/02/24

23:04

Post #: 72474019
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Originally posted by BraveNewWorld: ↑

I love Twiggy's big green push into Hydrogen and Green Steel. But Green Iron ore still seems elusive because your filling the furnace with magnetite ore that has an enormous carbon footprint from mines like Citic and Gindalbie.

It seems Tucano Gold (the old Beadell Resources) in Northern Brazil are reviving their super green iron ore mill that uses tailings from their gold mill to produce a very high grade green iron ore. When Beadell ran this mill in 2014 their cash cost was only $4/t.

Tucano think the cost to produce a 70% magnetite concentrate is only $10 a tonne and more importantly their carbon footprint is a fraction of the iron ore miners.

Go to 10.30 minutes of this video for a brief summary of this exciting technology that is so simple.

LIVE Q&A with CEO Tucano Gold - Private Gold Mine About to go into Production (youtube.com)

It got me thinking, surely there is a lot of iron ore sitting in gold tailings in WA that could do the same. Isn't this the future of green low cost iron ore as FMG struggles with its magnetite operation while these iron ore rich tailings are sitting there waiting for some love?

If I was Twiggy I would be buying up every gold tailings in WA. Thoughts welcome.

BNW

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FMG has Iron Bridge

FMG Price at posting: $28.40 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $27.41		Change 0.395(1.46%)		Mkt cap ! $84.39B

Open	High	Low	Value	Volume
$27.64	$27.67	$27.15	$63.23M	2.302M

Buyers (Bids)

No.	Vol.	Price($)
17	1982	$27.40

Sellers (Offers)

Price($)	Vol.	No.
$27.41	676	10

View Market Depth

No.	Vol.	Price($)
11	1187	27.390
11	3100	27.380
12	2394	27.370
10	3712	27.360
8	2836	27.350

Price($)	Vol.	No.
27.400	1474	8
27.410	3787	14
27.420	2564	10
27.430	2337	9
27.440	1534	6

Last trade - 14.07pm 22/05/2024 (20 minute delay)


Last $27.44			Change 0.395 ( 1.92 %)
Open	High		Low	Volume
$27.64	$27.66		$27.16	533747
Last updated 14.28pm 22/05/2024 ?

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