UMC united minerals corporation nl
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  1. bungy234
    13,335 Posts.
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    22/04/08
    15:07
    Post #: 3615237
    Pagarsi

    Yes my friend and the following will help to better understand the logistics.

    Pure hematite is 69.9% Fe for a specific gravity (sg) of 3.64 (3.64 tons per cubic metre).

    If you were to fill a 1 cubic metre container with nothing else but 100% hematite, it would weigh 5.2 net tons.

    Thus, 58% of 5.2 = 3.02 sg
    UMC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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