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6.2¢ iron road limited

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03/05/17

14:47

Post #: 24442377
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Originally posted by Benjamins ↑

Is anyone here actually in the know with iron ore? This is not DSO stuff, it needs processing (you go through a fairly intensive process to upgrade ore) first as its magnetite. During the iron ore boom (and iron ore was over $100/t for a long time) there were zero magnetite mines that actually made it to production (and there were many on the table with funding from Chinese with deep pockets), and those that were already in production struggled due to the substantially higher costs associated with magnetite ore. If this project ever gets up it will be a miracle. Have you ever wondered why the big boys don't ever play with magnetite? You might as well buy FMG which is trading on a PE of 6x earnings.

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B,
Have you heard the blurb "oils aint oils"

Well ALL magnetites are NOT equal.

Do some research.

IRD Price at posting: 22.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 6.2¢		Change 0.000(0.00%)		Mkt cap ! $54.92M

Open	High	Low	Value	Volume
6.2¢	6.2¢	6.2¢	$1.446K	23.33K

Buyers (Bids)

No.	Vol.	Price($)
1	8199	6.2¢

Sellers (Offers)

Price($)	Vol.	No.
6.6¢	13400	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.068
1	10923	0.065
1	10000	0.055
1	19588	0.051
2	360000	0.050

Price($)	Vol.	No.
0.080	108459	2
0.085	124933	2
0.090	111119	2
0.100	1206	1
0.105	70000	1

Last trade - 13.56pm 29/11/2024 (20 minute delay)

IRD (ASX) Chart