OTCPK:VDMRF - Post by User
Comment by
opagangnamstyleon Jun 08, 2020 11:16am
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Post# 31124158
RE:RE:Iron prices screaming
RE:RE:Iron prices screaming With $1 increase in Iron Ore price (62%)
With following assumptions:
15% premium for FE(65%)
CAD/USD: 0.75
Avg conc tonnage per year: 4.8
With following numbers above we get 7.36MCAD in FCF per year, which is above our current MCAP, that is 1 dollar in crease in Iron Ore price (62%), this optionality play is just insane IMO.