With this company I doubt anything is likely to happen with Southdown, read the DFS it needs 2.885 Billion dollars in capital costs 0.535B in contingencys. Makes our cash in the bank look like nothing.
It will produce up to 10m tonnes of pellets at $58.5Aud/t. But the product will be high grade 68.6% iron content so they will be getting more than at Savage river.
Not sure if these numbers make sense or not to proceed?
http://www.grangeresources.com.au/c...thdown_magnetite_project_dfs_-_1_may_2012.pdf
Still trading at Disc to Cash. Why?, page-655
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