RE: Very Encouraging6 May 2021 21:08
Please take a look at the worlds top 11 iron mines attached.
https://www.mining-technology.com/features/featurethe-worlds-11-biggest-iron-ore-mines-4180663/
You can see that very few have 62% plus IO. In fact many large mines operate with less than 45%IO.
The figures previously calculated by smiller/EWT, did take into account the premiums you could get for high grade and size of ore chunks. Those additional premiums add a lot to any business model. Alas not to be...??
So for me the prevailing, and rising, global IO price can still be used without any premiums and be a realistic assumption.
TPs note, along with the RNS presentation is encouraging. Along with this boards investigations in this thread.
Wont lie, I was a bit miffed on just a handful of results provided, but understand the reasons for the delay.
I can wait for the full results..
Did "C3 " answer any questions or make any valid statements today?
Glanced by his post earlier, which means he had a successful day and able to, "feed the meter"..
C3 - PO
GLA
Chin Chin