OTCPK:VDMRF - Post by User
Comment by
opagangnamstyleon Jul 08, 2020 6:40pm
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Post# 31242273
RE:Iron ore prices high on robust steel production
RE:Iron ore prices high on robust steel productionVery positive that iron ore price just hit $105, the leverage in for their project is insane, each 10% increase in prices adds around ~C$400 million to their NPV, the base case that was used for iron ore 65% was at $92, currently the price is at $120 (15% premium of 62%) which is ~20% higher then the base case.
https://www.vanadiumone.com/pea-results/