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3.33% 5.8¢ iron road limited

valuation, page-8

  1. mattkid76
    1,057 Posts.
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    17/01/11
    20:52
    Post #: 7749128
    no issues with pulling me up if im wrong captain. though i thought i said the same as you?

    so, 1mt of soil contains 17% iron ore. that means for every 17 mt of soil they process they get 1mt of iron ore. that 1mt is 70% fe.

    im not challenging you saying i was wrong... just want your help to understand this please...

    thanks.
    IRD Price at posting: 92.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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