Also, I read earlier in the day on another thread that every 1% above 62%fe content can translate to an extra $5p/t. I've had a look around to see if I can confirm that, no luck as yet, but if anyone else can add to that it would be good. If we can be producing 64-65%fe DSO / pDSO, it's basically $10-$15p/t you can slice off what ever the OPEX ends up being. Although some time down the track, the magnetite underneath can also come out at 68-69%fe with very little contaminants.
We really will have premium products to sell, so whatever the margin is between the spot price and our differing OPEX levels for each type of ore we have, we then get to widen the margin due to the premium nature of our product.
The Scoping Study should make for good reading. Hopefully the maiden JORC is out early in the year and the Scoping Study very soon after. That way we can build some momentum.
EQX Price at posting:
$1.42 Sentiment: Buy Disclosure: Held
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