"North of 17 cents with 12MT." i for one cannot understand this statement as 12 million tonnes is very small IMO. check these ones out for example.
SPM 4.7 BILLION TONNES - Market cap 16 million FOY 3.5 BILLION TONNES - Market cap 6 million AXZ 220 MILLION TONNES - Market cap 71 million IDO 165 MILLION TONNES - Market cap 66 million TNG 160 MILLION TONNES - Market cap 30 million
these deposits averaging around 56% Fe
Then we have PLV 12MILLION TONNES - Market cap 42 million av cut off grade 65% Fe
When you consider the above companies PLV at 12 million tonnes Fe is over priced IMO.Mind you the above deposits are ironsands grading above 55% fe(iron) and also including vanadium and titanium
PLV Price at posting:
15.3¢ Sentiment: None Disclosure: Held
