Polinvest2 Sep 2020 15:07
I'm disappointed to read your post regarding the iron ore It comes across as snide.
UFO have 74Mt to 245Mt with 51% interest in the asset at present , they well may change. We have a DSO of 63% from open pit. Wants interesting about the location of our assets is the infrastructure purely designed to ship iron ore. This makes are Capex far lower and increases our IRR , hence the neighbours , BHP ,RIO and Fortescue. All who are interested in a JV.
Have you any understanding of the cost or task in moving iro ore to a shipping location ?
Onto Ironveld
Abeit the ore is of a higher grade, Ironveld have 32Mt which is considerably less than UFO.