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I think the news people are speculating to come out is the...

  1. JFRO007
    837 Posts.
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    12/10/21
    17:13
    Post #: 56745200
    I think the news people are speculating to come out is the re-opening of the C4 Iron Ore Mine,

    - 19th of September Halted mine for 30 days to consider if Iron ore ops would continue to profitable - getting pretty close to the 30 days being over

    - stated anything below $10 AUD profit per tonne meant they would not commence operations

    - at the time of this ann the iron ore price was $90usd

    - I’m going to speculate that the cost would be between 90-100 AUD

    on a side note, I have a friend in Wiluna, they did mention it was time to start topping up and buying, but didn’t reveal anything. They could be completely wrong and just heard talk.


    I could be wrong with the cost to produce

    DYOR & GLTAH
    GWR Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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