ADV developmentsADV releases North Rose resource size, and increases total Kami resource to nearly 1.1 billion tonnes at 30% iron. I believe this kind of massive resource demands a production rate of at least 16 million tonnes of iron ore concentrate per year (doubling its initial plans to produce 8 million tonnes per year, which would lead to a mine life of 65 years).
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The income per year of this kind of operation for Altius? 16 million x 3% royalty x $115 per tonne (long-term iron ore price taken from ADV's PEA) = $55.2 million. The mine could last 30 years, so the royalty could be worth over $1.6 billion over the life of the mine.
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(At current iron ore prices of roughly $177 per tonnes, the income would be $85 million per year to Altius.) If the team at Alderon can get their mine into production, and all the signs are positive right now, the mind boggles at how much Altius is going to make from this one property.