New thread to start discussing the year. First I want to chat about some of the new economics around the resource.
Champion Iron have sold 49% of their Kami mine to Nippon Steel. The mine has a mine life of 25 years producing 9MtPA. The post DFS evaluation is AUS$550M at today’s conversion.
Comparing this to MGT who have a 91 year mine life producing 5MtPA. If we do some rough conversions, they should have a 40 year mine life producing 10MtPA. This holding similar economics to Champion iron.
Note this is just a surface level analysis, with champion iron already producing iron ore and having funds available.
I have quite had the chance to check the overall DRI grade and impurities to each other but would love to see others thoughts.
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8.6¢ |
Change
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Mkt cap ! $10.43M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 54189 | 8.6¢ |
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Price($) | Vol. | No. |
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9.0¢ | 259408 | 3 |
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No. | Vol. | Price($) |
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2 | 57119 | 0.085 |
1 | 30000 | 0.083 |
1 | 36585 | 0.082 |
2 | 206600 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 259408 | 3 |
0.092 | 100000 | 1 |
0.094 | 19800 | 1 |
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0.098 | 1200 | 1 |
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