Looking for some help in this area and any advice is appreciated . Looking at a Company that has a the potential to host between 50 - 100 million tonnes of iron ore . This is a theoretical estimate based on an ongoing model ( iron ore resource ) that requires further drilling and fieldwork to present a more detailed model . So far the average grade on eight samples is approx 59% Fe and even though this figure seems quite high it may not be indicative of the broader prospective area but it is an indication . A three month drilling programme has just started which will provide further indications of the grade and scale of the deposit but much work is required to get to this stage . Looking at their preliminary estimates 50 - 100MT and comparing this with 120 - 150.00 per metric tonne it could indicate a 90 - 120M resource but with other factors such as extraction costs and transportation it might be a different figure .
- Forums
- ASX - General
- valuing a metric tonne of iron ore
Looking for some help in this area and any advice is appreciated...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online