After writing about Atlas Iron (OTC:ATLGF) and Fortescue Metals (OTCPK:FSUMF), I thought it was a good idea to have a look at Iron Road (OTCPK:IRNRF) again to see if I had to reduce my expectations after the crash (yes, I dare to call it a crash) in the iron ore price earlier this year. I will mainly focus on the viability of the project with special attention for the payback period, as I think that will be the most important thing for this high-capex iron ore project in Australia.
Source: company presentation
As this is an Australian company, I recalculated Australian Dollars into US Dollars wherever necessary using an exchange rate of 1.065...
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