Concern, page-14

'the spare capacity on the railway from Broken Hill to Whyalla or Port Pirie is currently 12 Mtpa'

At the end of the quarterly released 29/11/2013, they've attached "Maldorky Iron Ore Mine Information Sheet". (see Post #: 12636391)

Estimated Opex A$66/t
Estimated Capex A$60-70M

Fastmarkets MB Iron Ore Indices - Daily Market Report 22 March 2019 (see Post #: 37877501)

62% Fe Fines - Low Alumina US$88.35
66% Fe Concentrate US$97.63

FWIW a Net Present Value (BEFORE Capex) has been estimated for the JORC resources at Grants and Maldorky plus an estimated 1 billion tonnes at GIB.

Assumptions used:

Fe prices:
US$75/t for Grants & GIB
US$80/t for Maldorky
Both assumptions are lower than current spot prices.

FX: 0.75

Opex: A$66/t. Scope for improvement here. [As a guide, FMG's 1H/19 C1 cost is US$13.11/wmt. In FY13, it was US$44/wmt.]

Capex: No assumption made. Whatever is believed to be the Capex figure should be deducted from the estimated NPV.

Discount rate (pre-tax): 10%

Other: see results below

Results:

		Fe concentrate MT	EST NPV A$M BEFORE CAPEX	MINE LIFE YEARS	Mtpa Initial 26Y	Mtpa Final 14Y
1	GRANTS	100.3	892	26	3.8	0
2	MALDORKY	58.8	721	26	2.2	0
3	GIB	330.0	1,592	40	6	12
4			3,205		12	12

SIMEC'sexclusivity expires on Sunday.

DYOR