IRD

0.00%

6.0¢ iron road limited

Great post Humms - now just wait for Lion to post the same...

First 2 Last

Share
Profile

Follow
savyinvestor1

160 Posts.

7

20/07/17

12:10

Post #: 25979724
Share

Originally posted by hummms ↑

OK Lion and Aussie Jo,
As you deeply understand the IO industry I am surprised you don't know the importance of the pesky - sign in front of the L.O.I figure for IRD magnetite. Kind of sums up the worth of your opinions. The IRD has a - 2.3 attached to LOI which means it gains weight and needs less fuel inputs to produce steel in the furnace. As Haematite has a + infront of the specifications it computes to a positive spread of 6% ++ when Magnetite is used to charge the furnace.
Most ore mined in China is Magnetite. They understand it.

I first got interested in IRD some years ago after a HC poster called Hotrock 1 put up some information. I fortunately copied some of the information to my computer because HC does not have a history option further back than 3 years. Below is his opinion (and now mine)

What makes you think that magnetite is less desirable with end users?

Magnetite demand and consumption is running around 50% of the total Iron Ore production worldwide. Australia only exports 4% of the world demand for Magnetite... think about it, yet it has massive magnetite resources, especially in South Australia. The future is in Magnetite.

There has been a shift towards magnetite usage and it is growing rapidly. The tables have turned and Magnetite demand will grow well into the future at the expense of Hematite.
Why is this so?

High grade Haematite production is on the decline rapidly and the Lower grades are now being dug up to make up the orders for DSO ..just look at FMG grades...circa 56%

Magnetite has an inherently higher Fe content:
the molecule is Fe3O4 .. 3 Iron atoms with 4 oxygen hanging off it.
Hematite has a molecular formula of Fe2O3 ..2 Iron atoms with 3 Oxygen hanging off it.

Lion. That's enough for now. Every time you express an opinion I will rebut with more from my files

Expand

Great post Humms - now just wait for Lion to post the same response he always does "Magnetite is more expensive than DSO. Forget all the stats and figures they aren't important. It will never get up"

IRD Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

There are more pages in this discussion • 13 more messages in this thread...

First 2 Last

Add IRD (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $54.92M

Open	High	Low	Value	Volume
6.0¢	6.0¢	6.0¢	$3K	50K

Buyers (Bids)

No.	Vol.	Price($)
2	28797	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	10352	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.068
1	10923	0.065
1	10000	0.055
1	19588	0.051
2	360000	0.050

Price($)	Vol.	No.
0.080	108459	2
0.085	124933	2
0.090	111119	2
0.100	1206	1
0.105	70000	1

Last trade - 10.48am 22/11/2024 (20 minute delay)

IRD (ASX) Chart

Great post Humms - now just wait for Lion to post the same...

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Great post Humms - now just wait for Lion to post the same...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

HotCopper Highlights: Your most watched stocks for Week 47, 2024

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Sales growth pushes Lovisa's fortunes (and shares) upwards

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News