Question
What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of return on capital given the following facts:
What is the minimum iron ore price required for 75% concentrate to achieve a 20% rate of return on capital given the following facts:
· CAPEX of mine $150 million
· Annual production of mine 2.5 million tonnes
· Annual operating costs of $30 per tonne of production
Express your answer in cents?
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
