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The correct answer should be 65.7 but I got 64.4. Question 6 0/2 points What is the minimum iron ore price required for 70% concentrate

image text in transcribedThe correct answer should be 65.7 but I got 64.4.

Question 6 0/2 points What is the minimum iron ore price required for 70% concentrate to achieve a 15% rate of return on capital given the following facts: CAPEX of mine $100 million Annual production of mine 2.5 million tonnes Annual operating costs of $40 per tonne of production Express your answer in cents per dmtu to the nearest tenth of a cent. Answer: 64.4 x (65.7)

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