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0.00% 0.2¢ cape lambert resources limited

looks like uneconomic magnetite, which has high capex and opex...

  1. ddzx
    28,706 Posts.
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    12/12/17
    09:59
    Post #: 29557514
    looks like uneconomic magnetite, which has high capex and opex of around $90/t.

    https://www.marketindex.com.au/iron-ore

    28.2% Fe = magnetite = crap

    680Mt at 28.2% Fe (15% Fe cutoff); Indicated 261Mt at 28.7% Fe and Inferred 419Mt at 27.9% Fe. Exploration Target
    Last edited by ddzx: 12/12/17
    CFE Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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