IRD
Click for more information
3.33% 6.2¢ iron road limited

I apologise for not responding. I didn't even read this until...

  1. Lion2009
    938 Posts.
    lightbulb Created with Sketch. 17
    clock Created with Sketch.
    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
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add IRD (ASX) to my watchlist
(20min delay)
Last
6.2¢ 		Change
0.002(3.33%) 		Mkt cap ! $54.92M
Open High Low Value Volume
6.2¢ 6.2¢ 6.2¢ $1.24K 20K

Buyers (Bids)

No. Vol. Price($)
2 29750 5.9¢
 

Sellers (Offers)

Price($) Vol. No.
6.2¢ 23330 2
View Market Depth
Last trade - 10.21am 28/11/2024 (20 minute delay) ?
IRD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.