If we have around 200mT at 60%Fe, we should see 10c per share (as per my previous calcs). At 400mT, we should see 20c, 600mT then 30c etc etc.
CFR have 2500 acres (7 x NSL).
High surface tonnages then add another 5%. If higher than 60% then use the % ratio.
People are forgetting that ore prices just doubled. $155/tonne!!! Railroads/ports are existing and there is no shortage of staff.
Blast it - Load it - Ship it!
CFR - The next Indian Iron-Ore Giant
Go The Elephant!
