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21:38
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Originally posted by neptune61
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I went to the road show yesterday and if you read the company presentation you will see most of what was said. The important thing is to read the presentation because it is really TWO presentations. The first is for the known resource of friable itabarite that can go through benefication and be a premium product, the second is for the newly discovered Hematite DSO. There are TWO business cases laid out and either one will make for a profitable project. The quickest and cheapest is to dig the DSO, crush it and ship it. Cost per ton FOB would be approx. $22-$23. That leaves a nice margin if IO is at $50/t
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Thank you kindly, Neptune. Your information and insights are highly valued and most appreciated.
