I was a long term holder of Avanco before it got taken over they also had some iron ore tennements that Vale was interested in. From memory they got a couple of payments from Vale then something went pear shaped and the iron ore never got much of a mention again. What does CTM own is it magnetite ? The premiums they are getting at the moment for 65%pellets are amazing. GRR in Tasmania is getting over 180aud a tonne. It does not have to be high grade either as it gets concentrated. Infrastructure is the main cost .
Unlocking iron ore value ... soon, surely, page-12
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