LCY 0.00% 1.3¢ legacy iron ore limited

is bevan financially a goer, page-7

  1. 14,653 Posts.
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    Orbit after the second bottle of red figures he was quoting were getting blurry lol. I will try and confirm today and post them on here, but I do recall something of around 750 mill for the rail line alone. For his total cost (which I think is most important) he was quoting around $60 per tonne (which was slightly higher in comparison to some of its peers) so you do the maths on the potential profit at current FE prices. He also said if payback on total cost of the mine could be achieved within 5-7 years then thats pretty good.

    Oh one other thing he said scoping studies weren't cheap and can take up to 2 years to complete and stressed the importance of a DSO operation early on.

 
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