You hit the nail on the head there Monty, very little info on...

You hit the nail on the head there Monty,

very little info on capex has always been the problem, it’s a shame as it has made me take money off the table when this could easily be a multi-bagger and if I knew the whole picture I’d not sell down but anyway now happy to see how high this goes.

The only other things I can offer is the way they assess the value of the life of mine in the annual report I can’t remember assumptions but I think it’s at Aud to usd at 75c and iron ore pellet price of $80usd (from memory not grr sale price but benchmark price so easily achievable) you could back calculate their expected costs and cap ex plan as an estimate for life of mine.

I have always used this due diligence engineering assessment as a guide looks like most things are now done? I saved it from a few years ago but it’s very old but worth a read for background info.
I think link still works I’ll try to see if HotCopper lets me post

http://www.grangeresources.com.au/c...t - Promet Engineers Pty Ltd - 11 Nov 08.pdf