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0.00% 2.9¢ gindalbie metals ltd

magnaetite vs haematite

  1. kezzler
    261 Posts.
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    08/08/07
    20:47
    Post #: 2696014
    Isn't heamatite the better option for return on capital and profit margin?

    RIO only have to spend 530million for 16mta heamatite from Yandi expansion
    GBG spending 750million for 8 mpta magnetite, more money spent half the production?
    AGO plan to produce 3mpta heamatite at 21million
    GRR 6.8million magnetite at 1.2billion

    Everyone makes a profit while the iron ore prices are at these levels though, but everyone will be looking for the low cost producers once China gets its supply fill


    GBG Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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