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6.0¢ iron road limited

It's not actually about being proven right or wrong. It's a...

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Lion2009

938 Posts.

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06/05/17

15:19

Post #: 24517491
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Originally posted by Benjamins ↑

It seems believers are oblivious to reality. As a rough example have a look at the costs of Grange (GRR), been around for years and their costs are around $100/t. Granted it is different (every mine is different) to CEIP (but you get the gist as its a magnetite mine and requires processing and that's what drives costs up significantly) but I can say confidently that there is little chance IRD will ever get their total costs below $60/t in Australia on a magnetite mine (and that will make it marginal). That's total all in sustaining costs.

If they prove me wrong I'll apologise to all

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It's not actually about being proven right or wrong.
It's a known quantity in Australia. The business model doesn't stack up..
Especially in the current macro economic environment.

IRD Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
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Last 6.0¢		Change 0.000(0.00%)		Mkt cap ! $54.92M

Open	High	Low	Value	Volume
6.0¢	6.0¢	6.0¢	$3K	50K

Buyers (Bids)

No.	Vol.	Price($)
2	28797	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	10352	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

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