Comment by
opagangnamstyle on Jul 08, 2020 6:40pm
Very 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/