Yes, but....
IV's biggest value is in that approx 50% of the ore reserve is Lump Ore, as opposed to fines. Lump ore attracts a premium loading as it can be used directly into steel making blast furnaces....
The balance of IV's ore is fines, but with a average grading of around 58%, it is currently experiencing discounts to the 62%Fe benchmark price of between 20 to 35%.
This is one of the reasons IV's revenue for BCI has been hard to predict as the sale price depends on what is mined and then sold (ie, lump or fines).
From BCI and shareholders's point of view, one thing is certain - IV's ore is of a far better quality than that of the, now former, NJV......
SP, page-46
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Last
31.5¢ |
Change
-0.005(1.56%) |
Mkt cap ! $908.9M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.5¢ | 31.0¢ | $93.72K | 299.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 400668 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 24981 | 3 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| BCI (ASX) Chart |