Grange is expecting US$180/t for its magnetite product this quarter. VMS assumed US$120/t in the scoping study.
My estimate from the scoping study for magnetite production was 290,000tpa. That contributed US$35M revenue pa. The latest pricing lifts it to US$50M.
Operating costs indicated in the minesite.com article are AU$47M. Whether the AUD is at parity or 0.80 (as per scoping study), the magnetite stream alone roughly covers operating expenses.
So why compare the %tin resource between Mt Lindsay and Renison?? You have to look at $$$ to extract and total revenue, not raw % of just Sn or W.
vms value, page-31
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