IRD iron road limited
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valuation, page-4

  1. mattkid76
    1,057 Posts.
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    17/01/11
    19:30
    Post #: 7748742
    i think the following is true:
    1 mt of soil contains 17% of ore
    the fe quality is indicated by grade. we have a fe grade of 70% which is very good. another way to look at it is that there are on 30% impurities in the fe we produce.
    i also understand 70% (generally the norm in australia) is about as good as you can expect.
    IRD Price at posting: 92.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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