Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Re: KWG potential
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Jun 02, 2017 12:56PM
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Jun 05, 2017 11:36PM
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Jun 06, 2017 11:41AM
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Jun 07, 2017 09:34AM

Raw chromite is around $230 US per TON, considerably less than your guesstimate, cappysmart. The price varies a lot, with different sources having variations in composition & so quality of steel produced, as well as fluctuations with supply & demand, and currency relative values changing. Sometimes quoted in Renminbi as China is the biggest importer and user.

Some sold as lump ore, some as 'fines' and some pelletised. 

Ferro-chrome sells at a much higher price, making the capital outlay for a reducing operation well worth-while. 

 

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