Yes, you tried to educate me re: grades by pointing out the "success" of PCY (Prophecy).
I then highlighted PCY has 20% higher costs than Largo. PCY is sedimentary, relatively lower-grade and lower strip ratio than Largo, the market leader, magnetite, relatively higher grades and an appalling strip ratio (compared to PCY).
So despite a strip ratio advantage, PCY has 20% higher costs. Why? Is it because of grades?
By contrast, AVL has lower costs than PCY despite having a worse strip ratio. The difference I assume is down to grades.
I am getting RSI from the mic...
Sediment-hosted (V) vs magnetite-hosted (V), page-9
Add AVL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $137.7M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $12.98K | 796.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 6408973 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 5504030 | 9 |
View Market Depth
| Last trade - 13.59pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
1.6¢ |
Change
-0.001 ( 5.88 %) |
||||
| Open | High | Low | Volume | ||
| 1.7¢ | 1.7¢ | 1.6¢ | 2991781 | ||
| Last updated 14.22pm 05/06/2024 ? | |||||
| AVL (ASX) Chart |