Iron ore price, page-53995

@minval
neither, you should use both.

Resources are just places we havent bothered spending money on drilling to define fully, but you know something is there. You don't place the same value as reserves, but you don't ignore them completel.

@UberTrader
"all the data related to magnetite is probable and nothing is proven not sure why ?"

You know if you actually bothered to read the report, it would be there in plane sight for you:
"All Magnetite Ore Reserves are classified as Probable Reserves due to the lack of full-scale production
history as no sales or production have occurred for Magnetite as at 30 June 2022"

"1866mt of reserve and if you continue at a rate of 190/year then you got remaining 9.8 year "
yeah, thats 10 years estimated at the current operating properities... but we've already annouced Nyidinghu is starting soon. after that we still have greater solomon & greater western...etc etc....

Nyidinghu 2461
greater solomon 2416,
greater western 1960
**on 1000+

so yeah go ahead and bank on 10 years.... but you know its 50 years......plus we keep expanding each year.
keep trolling