CAP 2.27% 4.3¢ carpentaria resources ltd

I couldn't help myself, page-18

  1. 368 Posts.
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    El Jefe - you are correct that the PFS is US$1.4B for start up.

    But in going back to the PFS, I also noted the changes in actual iron ore prices for premium iron ore since the PFS.

    The PFS assumes 62% Fe at US$63/t and 65% Fe at US$75/t as benchmark.

    However, Hawsons Supergrade is 69.9%Fe and PFS adds premium of only US$13t for grade and magnetite.  The PFS assumes sale price of US$88t for Hawsons Supergrade 69.9% Fe.

    Whilst 62% Fe benchmark price has been hovering around US$64-68/t, it is the premium being paid for higher grades that gets interesting.

    The price for 65% Fe has been hovering around the US$90 mark for some time and is currently US$94.10/t.  

    https://www.*.com.au/iron-ore-price-rebar-futures-shanghai-dalian-2018-7

    If a premium of US$25-30 /t is being paid to go from 62% to 65%, an't help but wonder what price Hawsons Supergrade would fetch.

    It makes the revenue numbers in the PFS look very conservative.
 
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