Bending Lake Iron Group Ltd.
Financial Viability
An independent preliminary review, valuation and cash flow project of the historical data revealed:
1. 245.5 Mt of 25% Fe ore with $78.4 M current value to increase as development progresses.
2. Estimated 61.5 Mt of 70% Fe concentrate.
3. Estimated 43 Mt of Merchant Pig Iron at $400 per ton.
4. Gives a gross revenue of $17 billion dollars.
5. Annual production of 1.2 Mt of high quality iron nugget/pellet at production cost of under $200 per ton.
6. Yearly Rate of Return of ›20%.
7. Low risk projections for the tonnage calculation and mining sequence and moderate risk for new processing technology.
Source: http://www.bendinglakeiron.com/Financial%20Viability.htm
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