IFE has an estimated cost fob at 90 USD per tonne. With I/O prices at 130 USD per tonne, this is a reasonably tight margin. It will take quite a bit of discipline from the company to generate attractive metrics, particulalry it iron ore prices come down.
I have had a good look at IFE. As Mozart says, give me hematite over magnetite any day. (as has Wayne too in the past so we are told!)
IFE has an estimated cost fob at 90 USD per tonne. With I/O...
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