irl comes of age, page-5

Everyone that bought today is at a loss
buy the end of the day except the last buyer at 1.3
Back to 1c once they do the figures on this.
$8.3m per year to mine 300000 tonnes of coal.
Lucky to make anything out of this at $28/tonne
and they have to find $8.75m

Just like the copper.
Last quarter
$3.064m
Ore mined 105830t
Grade 0.99%
Recovery 94%

That's 985t of copper.
$3110 a tonne.
Not to mention $2m a year for the perth office admin last 12 months.
Every other owner would like IRL to do their work
and sell on market.