IRD

0.00%

6.0¢ iron road limited

It's the only thing that is relevant.. IRD has been around for...

First 42 Last

Share
Profile

Follow
Lion2009

938 Posts.

17

08/05/17

11:15

Post #: 24538269
Share

Originally posted by savyinvestor1 ↑

The problem both Lion and Benjamins have is you are comparing Magnetite & Hematite costs in a landscape where both are being purchased. China cannot process Hematite like it once did. It is either process the more expensive Magnetite or shut down. Below is another take from the press.

"China's top steelmaking city has ordered many of its industrial factories to curb production or even close for as long as four months through to March in a bid to clear the skies of smog.
Tangshan, a city in northern Hebei province, will seek to reduce steel production by requiring producers to cut emissions by as much as 50 precent from Nov. 15 to Dec. 31, according to a document published in the official Tangshan government newspaper late on Monday."

Keep making the same points over and over again regarding the cost of production making it unviable when both ores and being purchased. China has changed. It wants to clean up and its starting with steel mills. Stop making the same argument about historical Magnetite mining. It is no longer relevant.

Expand

It's the only thing that is relevant..

IRD has been around for years. The project could not get legs when the IO price was double it is today, and has got no chance now.

Like I said the macro economics don't work. So it won't get up no matter what you may wish for..

It's not worth spending $4.5B on only to return a loss...

I repeat there will be no new magnetite mines in Australia for many years to come...

IRD Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

SIG

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

LPE

Sales growth pushes Lovisa's fortunes (and shares) upwards

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

There are more pages in this discussion • 29 more messages in this thread...

First 42 Last

Add IRD (ASX) to my watchlist

(20min delay)
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

Last trade - 10.48am 22/11/2024 (20 minute delay)

IRD (ASX) Chart

It's the only thing that is relevant.. IRD has been around for...

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It's the only thing that is relevant.. IRD has been around for...

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer’s drug could change the game

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Dale Gillham's weekly wrap: Sigma-Chemist Warehouse merger creates pharma powerhouse

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Sales growth pushes Lovisa's fortunes (and shares) upwards

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

HotCopper Highlights: Your most watched stocks for Week 47, 2024

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News