This slide is why investors should be bullish on Brazilian hard rock assets.
Average salary of a mine worker WA $85k versus Minas Gerais $10k. Not sure how accurate this is - I would have thought the average WA mining salary would be 6 figures, not 5. But the point is made nonetheless - costs in Brazil are a fraction of Australia. So all other things being equal (of course they aren’t), Brazil should produce larger profits for every tonne of spodumee concentrate shipped.
This slide is why investors should be bullish on Brazilian hard...
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Last
23.0¢ |
Change
-0.020(8.00%) |
Mkt cap ! $643.8M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 22.0¢ | $2.179M | 9.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 283000 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 135485 | 4 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
22.5¢ |
Change
-0.020 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 22.3¢ | 4224168 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| LRS (ASX) Chart |