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
- Forums
- ASX - By Stock
- magnaetite vs haematite
Isn't heamatite the better option for return on capital and...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online