For example the PEA for Alderon is at $118 iron ore price....Dazel
I read $115 in the PEA (page 1-15). To be clear though, this is not some sort of hurdle price under which things are not feasible, it is a number taken from long term iron ore price averages and at that level generates a 40.2% IRR with a 2.7 year payback of initial investment! So at $115 it's a home run. At an ongoing extraction cost before royalty of $44.87 (call it $50) any iron ore price above that is available for payback of initial capital. Now I don't think it's realistic to say anything above $50 is a winner because it's far less attractive with longer payback of course, but it's also very do-able with iron ore prices BELOW long-term averages, especially in our current low-cost capital environment.
Of course with prices around $150 it's a no-brainer.
"Altius will hit a perfect storm . . . right place right time" . . . again!