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3.33% 6.2¢ iron road limited

Magnetite V's Haematite, page-14

  1. Lion2009
    938 Posts.
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    26/05/17
    09:41
    Post #: 24924456

    I apologise for not responding. I didn't even read this until you reminded me of it.

    Magnetite.

    The CAPEX of any new mine is high. IRD are no exception to this. $4.5b...

    IO price $60 per tonne..
    Operating costs for a magnetite mine $90+ per tonne.
    It's not complicated. You can't make the numbers work, no matter how much you wave the magic wand...
    Can you imagine trying to operate a magnetite mine when the IO price is $30 or $40..

    So you are right. It's simple maths...

    I have yet to see IRD's business model. They should do one and benchmark it against other magnetite mines in Australia with regards to operating costs.
    IRD Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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