Re: ? for the board re: the untapped hematite potential
in response to
by
posted on
Jul 24, 2008 09:42AM
The Company has three main projects: a PGE project in Montana's Stillwater District; a copper project in California's historic Moonlight Copper Mining District; and a nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut.
Here is some pricing for iron ore. I don't know how muc we will have as a by-product. Anyone here know this answer?
E C O N S T A T S TM
top [A] Iron Ore - Annual Contract Prices 1976-2007 [B] Iron Ore - Monthly Spot Price - Fines Only 2007 [C] Iron Ore - Producers [D] Steel Makers Buyers of iron ore. [E] Miscellaneous Price Change Observations [A] Iron Ore - Annual Contract Prices Note price agreement prices. Contracts generally made in the spring/early summer between iron ore producers and steel manufacturers. The prices given below are prices arranged at the beginning of May of the given year. (1) FINES : the most heavily-traded category of iron ore. (2) LUMP ORE : Lumb ore consists of golfball sized pieces, and has higher iron content than fines. (3) PELLETS : Iron ore in "pellets" are semi-refined iron ore; blast furnace pellets. Iron Ore Prices Notes: Brazil to Europe Units: US Dollars per ton (dry metric ton). (1) (2) (3) fines lump ore pellets contract year _____________________________________________________________ 1976 | 22.70 43.80 dollars per metric ton or tonne 1977 | 23.00 42.80 1978 | 21.50 36.40 1979 | 23.30 39.90 1980 | 28.10 47.00 1981 | 28.10 43.00 1982 | 32.50 47.50 1983 | 29.00 39.00 1984 | 26.10 36.00 1985 | 26.50 36.00 1986 | 26.20 36.60 1987 | 24.50 36.70 1988 | 23.50 40.30 1989 | 26.50 47.30 1990 | 30.80 51.60 1991 | 33.20 52.10 1992 | 31.60 48.40 1993 | 28.10 33.00 43.60 1994 | 24.40 30.40 43.60 1995 | 26.90 33.30 49.10 1996 | 28.50 35.20 52.40 1997 | 28.80 35.20 52.10 1998 | 29.60 36.20 53.50 1999 | 26.90 32.20 46.40 2000 | 27.60 33.90 49.20 2001 | 28.90 35.10 50.10 2002 | 28.60 34.30 47.30 2003 | 31.40 37.30 52.00 2004 | 37.30 44.40 61.80 2005 | 64.00 79.00 115.50 2006 | 76.20 94.00 112.00 2007 | 83.40 ' Based upon news of 2006 Dec 22 deal between Baosteel and CVRD for one year starting April 1, 2007. 2008 | 132.20 ' Sources : CVRD, Wall Street Journal, US Steel and other steel producers.