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What is the limit?, page-38

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Lion2009

980 Posts.

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06/05/17

15:19

Post #: 24517491
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Originally posted by Benjamins ↑

It seems believers are oblivious to reality. As a rough example have a look at the costs of Grange (GRR), been around for years and their costs are around $100/t. Granted it is different (every mine is different) to CEIP (but you get the gist as its a magnetite mine and requires processing and that's what drives costs up significantly) but I can say confidently that there is little chance IRD will ever get their total costs below $60/t in Australia on a magnetite mine (and that will make it marginal). That's total all in sustaining costs.

If they prove me wrong I'll apologise to all

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It's not actually about being proven right or wrong.
It's a known quantity in Australia. The business model doesn't stack up..
Especially in the current macro economic environment.

IRD Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
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What is the limit?, page-38

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What is the limit?, page-38

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