I agree-I was just wondering whether they would ta
Post# of 8054
I agree-I was just wondering whether they would take advantage of current low prices to focus more on shipping fertilizer -which should not be affected much by iron prices. Juniors have lower costs than the majors-as I've posted from a chart most juniors have a cost of production below 25/ton-some a negative cost due to premium ore. And the ca now 210k tons of 0-1mm waste of waste product could have a sale price near 20 million-which has to exceed CWRN's total cost of production to date by many million I would think-see sticky trommel essay!!!
So when they sell the trommel processed product that will imo no doubt give them a negative cost of production. Trucking and shipping are separate from production-but net from 0-1mm should also more than pay for trucking and shipping to date.
costs for trommel product are just the trommel and the mag sep for the 0-1mm and the terex 400-which seems to be used more for other operations from the pics while an excavator has been shown loading the trommel.