Strip ratio, page-2

No doubt about it, the strip ratio is high, but its always been high. You only need to look at previous reports to see this and its nothing new.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
1		Sep-15	Jun-15	Mar-15	Dec-14	Sep-14
2	Total BCM Mined	3,714,555	3,921,851	3,872,777	4,391,525	3,836,241
3	Total Ore BCM	255,127	425,158	702,091	520,616	232,793

Its most likely on par with Sept 2014, there are Quarters where more stripping is done than others.
Its always been a part of the operation profile of Grange, I don't consider this to be a problem that has just arrived.

xtnie,  how do you know what Mr Clement Ko said in his letter to the Grange Board, since you don't even know how to spell his name.

Since the Grange BCM strip ratio has always been the same or similar ,  then why were you a Grange shareholder a few months ago and  stated on the 2nd July 2015

QUOTE

"6 days ago China Development Bank announced it was ready to invest US 890 billions in 900 projects in 60 countries along the Silk Road project. And 6 days before that CBA became a major SH.

Given material costs general take up to 30%-60% of total for infra structural project, say it the Silk Road project takes 10 years, then every year there will be 27b to 53b spent on material, and majority of them is iron/steel. How much incremental tonnages of IO as a result of this remains a million dollar question."

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